Looking to balance out your exposure to WDC? The ETFs below have the lowest correlation with WDC — they tend to move on their own, which can help reduce risk when WDC drops. The stock ideas table highlights individual companies that behave independently from WDC.
Best Diversifiers for WDC
89 ETFs have low correlation with WDC (below 0.3), 14 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.15, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.15 | -0.00 | 0.07 | 66 | Oil & Gas | WDC vs USO | |
| iShares Core High Dividend ETF | -0.10 | 0.06 | 0.26 | 64 | Dividend, Large Cap Value Equities | WDC vs HDV | |
| ProShares Ultra Bloomberg Crude Oil | -0.10 | 0.03 | 0.10 | 54 | Leveraged Commodities | WDC vs UCO | |
| First Trust Morningstar Dividend Leaders Index Fun... | -0.09 | 0.10 | 0.29 | 70 | Large Cap Value Equities, Dividend | WDC vs FDL | |
| State Street Energy Select Sector SPDR ETF | -0.08 | 0.07 | 0.21 | 63 | Energy Equities | WDC vs XLE |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from WDC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to WDC and solid risk/return profiles. The least correlated is Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.27, down from -0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.27 | -0.16 | -0.05 | 53 | Utilities | |
| Chubb Limited | -0.25 | -0.05 | 0.11 | 51 | Financial Services | |
| The Coca-Cola Company | -0.21 | -0.10 | 0.03 | 66 | Consumer Defensive | |
| Cboe Global Markets, Inc. | -0.20 | -0.17 | -0.02 | 68 | Financial Services | |
| Verizon Communications Inc. | -0.18 | -0.09 | 0.02 | 59 | Communication Services |
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