Looking to diversify beyond WDIG? The ETFs below have the lowest correlation with WDIG — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from WDIG.
Best Diversifiers for WDIG
1 ETFs have low correlation with WDIG (below 0.3), 1 of which are negatively correlated. The least correlated is VanEck Commodity Strategy ETF (PIT) (Commodities) with a 1Y correlation of -0.04, roughly unchanged from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Commodity Strategy ETF | -0.04 | -0.04 | -0.04 | 57 | Commodities | WDIG vs PIT | |
| Direxion Auspice Broad Commodity Strategy ETF | 0.41 | 0.41 | 0.41 | 54 | Commodities | WDIG vs COM |
Diversification Analysis
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