Looking to balance out your exposure to WDFC? The ETFs below have the lowest correlation with WDFC — they tend to move on their own, which can help reduce risk when WDFC drops. The stock ideas table highlights individual companies that behave independently from WDFC.
Best Diversifiers for WDFC
3 ETFs have low correlation with WDFC (below 0.3), 1 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of -0.09, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | -0.09 | 0.11 | 0.22 | 58 | Nasdaq-100 | WDFC vs QQQ | |
| Vanguard S&P 500 ETF | 0.01 | 0.21 | 0.30 | 66 | S&P 500 | WDFC vs VOO | |
| State Street SPDR S&P 500 ETF | 0.02 | 0.21 | 0.30 | 66 | S&P 500 | WDFC vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from WDFC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to WDFC and solid risk/return profiles. The least correlated is Quanta Services, Inc. (PWR) (Industrials) with a 1Y correlation of -0.17, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Quanta Services, Inc. | -0.17 | 0.07 | 0.14 | 89 | Industrials | |
| Silicon Motion Technology Corporation | -0.13 | 0.01 | 0.05 | 98 | Technology | |
| Coeur Mining, Inc. | -0.06 | 0.02 | 0.08 | 71 | Basic Materials | |
| Texas Pacific Land Corporation | -0.02 | 0.07 | 0.08 | 57 | Energy | |
| Carpenter Technology Corporation | 0.03 | 0.18 | 0.23 | 92 | Industrials |
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