Looking to balance out your exposure to WDS? The ETFs below have the lowest correlation with WDS — they tend to move on their own, which can help reduce risk when WDS drops. The stock ideas table highlights individual companies that behave independently from WDS.
Best Diversifiers for WDS
8 ETFs have low correlation with WDS (below 0.3), 3 of which are negatively correlated. The least correlated is YieldMax NVDA Option Income Strategy ETF (NVDY) (Derivative Income) with a 1Y correlation of -0.04, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax NVDA Option Income Strategy ETF | -0.04 | 0.10 | 0.10 | 52 | Derivative Income, Options Trading | WDS vs NVDY | |
| Vanguard S&P 500 ETF | -0.04 | 0.22 | 0.30 | 70 | S&P 500 | WDS vs VOO | |
| State Street SPDR S&P 500 ETF | -0.03 | 0.23 | 0.30 | 70 | S&P 500 | WDS vs SPY | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.08 | 0.16 | 0.19 | 93 | Inflation-Protected Bonds | WDS vs VTIP | |
| iShares 0-3 Month Treasury Bond ETF | 0.10 | 0.04 | -0.02 | 100 | Ultrashort Bond | WDS vs SGOV |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from WDS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to WDS and solid risk/return profiles. The least correlated is Eli Lilly and Company (LLY) (Healthcare) with a 1Y correlation of -0.09, down from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eli Lilly and Company | -0.09 | 0.01 | 0.03 | 72 | Healthcare | |
| Amazon.com, Inc | -0.09 | 0.09 | 0.17 | 60 | Consumer Cyclical | |
| Walmart Inc. | -0.09 | 0.01 | 0.05 | 63 | Consumer Defensive | |
| ASML Holding N.V. | -0.08 | 0.15 | 0.23 | 94 | Technology | |
| Rolls-Royce Holdings plc | -0.08 | 0.09 | 0.19 | 70 | Industrials |
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Build a portfolio that complements WDS
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