Looking to balance out your exposure to WDFC? The ETFs below have historically moved differently from WDFC, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for WDFC
2 ETFs have low correlation with WDFC (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.05, down from 0.30 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.05 | 0.21 | 0.30 | 68 | S&P 500 | WDFC vs VOO | |
| State Street SPDR S&P 500 ETF | 0.05 | 0.22 | 0.30 | 67 | S&P 500 | WDFC vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for WDFC, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Quanta Services, Inc. (PWR) (Industrials) with a 1Y correlation of -0.13, down from 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Quanta Services, Inc. | -0.13 | 0.07 | 0.14 | 85 | Industrials | |
| Arista Networks, Inc. | -0.11 | 0.04 | 0.13 | 71 | Technology | |
| Silicon Motion Technology Corporation | -0.09 | 0.02 | 0.06 | 97 | Technology | |
| Coeur Mining, Inc. | -0.04 | 0.02 | 0.08 | 73 | Basic Materials | |
| KLA Corporation | -0.04 | 0.03 | 0.12 | 87 | Technology |
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