Looking to balance out your exposure to WDH? The ETFs below have the lowest correlation with WDH — they tend to move on their own, which can help reduce risk when WDH drops. The stock ideas table highlights individual companies that behave independently from WDH.
Best Diversifiers for WDH
0 ETFs have low correlation with WDH (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 0.31, up from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.31 | 0.19 | 0.18 | 64 | S&P 500 | WDH vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from WDH, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to WDH and solid risk/return profiles. The least correlated is Companhia de Saneamento Básico do Estado de São Paulo - SABESP (SBS) (Utilities) with a 1Y correlation of 0.07, roughly unchanged from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Companhia de Saneamento Básico do Estado de São Pa... | 0.07 | 0.05 | 0.07 | 76 | Utilities | |
| Aveanna Healthcare Holdings Inc. | 0.11 | 0.11 | 0.08 | 85 | Healthcare | |
| Eton Pharmaceuticals Inc | 0.12 | 0.07 | 0.10 | 93 | Healthcare | |
| Corvus Pharmaceuticals, Inc. | 0.13 | 0.04 | 0.12 | 93 | Healthcare | |
| Elbit Systems Ltd | 0.14 | 0.10 | 0.07 | 88 | Industrials |
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