Looking to diversify beyond WDIV? The ETFs below have historically moved differently from WDIV, 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 WDIV
243 ETFs have low correlation with WDIV (below 0.3), 50 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.41, down from -0.26 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.41 | -0.34 | -0.26 | 56 | Leveraged Currency | WDIV vs YCS | |
| United States Brent Oil Fund LP | -0.31 | -0.10 | 0.10 | 52 | Oil & Gas | WDIV vs BNO | |
| ProShares Short Bitcoin ETF | -0.31 | -0.26 | — | 61 | Cryptocurrency | WDIV vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.31 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | WDIV vs SBIT | |
| United States Oil Fund LP | -0.31 | -0.10 | 0.10 | 55 | Oil & Gas | WDIV vs USO |
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