Looking to balance out your exposure to WDH? The ETFs below have historically moved differently from WDH, 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 WDH
2 ETFs have low correlation with WDH (below 0.3), 0 of which are negatively correlated. The least correlated is Global X MSCI Greece ETF (GREK) (Emerging Markets Equities) with a 1Y correlation of 0.24, roughly unchanged from 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X MSCI Greece ETF | 0.24 | 0.16 | 0.14 | 58 | Emerging Markets Equities | WDH vs GREK | |
| Vanguard S&P 500 ETF | 0.28 | 0.19 | 0.17 | 68 | S&P 500 | WDH vs VOO |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for WDH, 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 Corvus Pharmaceuticals, Inc. (CRVS) (Healthcare) with a 1Y correlation of 0.07, roughly unchanged from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Corvus Pharmaceuticals, Inc. | 0.07 | 0.03 | 0.11 | 90 | Healthcare | |
| uniQure N.V. | 0.07 | 0.08 | 0.09 | 84 | Healthcare | |
| Companhia de Saneamento Básico do Estado de São Pa... | 0.09 | 0.04 | 0.06 | 80 | Utilities | |
| Lumentum Holdings Inc. | 0.10 | 0.11 | 0.09 | 98 | Technology | |
| Eton Pharmaceuticals Inc | 0.12 | 0.08 | 0.09 | 97 | Healthcare |
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