Looking to diversify beyond WDNA? The ETFs below have historically moved differently from WDNA, 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 WDNA
259 ETFs have low correlation with WDNA (below 0.3), 51 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.37, roughly unchanged from -0.32 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.37 | -0.32 | — | 61 | Cryptocurrency | WDNA vs BITI | |
| Invesco DB Energy Fund | -0.27 | -0.10 | 0.01 | 72 | Oil & Gas | WDNA vs DBE | |
| United States Brent Oil Fund LP | -0.25 | -0.08 | 0.01 | 52 | Oil & Gas | WDNA vs BNO | |
| Invesco DB Oil Fund | -0.23 | -0.07 | 0.02 | 58 | Oil & Gas | WDNA vs DBO | |
| Alpha Architect Tail Risk ETF | -0.22 | -0.10 | — | 56 | Options Trading | WDNA vs CAOS |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for WDNA, 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 Petróleo Brasileiro S.A. - Petrobras (PBR) (Energy) with a 1Y correlation of -0.11, down from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Petróleo Brasileiro S.A. - Petrobras | -0.11 | 0.10 | 0.11 | 85 | Energy | |
| AP Moeller-Maersk AS | 0.14 | 0.15 | 0.24 | 74 | Industrials | |
| Baidu, Inc. | 0.26 | 0.33 | 0.40 | 61 | Communication Services | |
| Nebius Group N.V. | 0.28 | 0.30 | 0.30 | 92 | Communication Services | |
| Hycroft Mining Holding Corporation | 0.29 | 0.28 | 0.28 | 97 | Basic Materials |
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