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
6 ETFs have low correlation with WDS (below 0.3), 2 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of -0.03, down from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | -0.03 | 0.21 | 0.30 | 60 | S&P 500 | WDS vs SPY | |
| Vanguard S&P 500 ETF | -0.01 | 0.22 | 0.30 | 60 | S&P 500 | WDS vs VOO | |
| iShares 0-3 Month Treasury Bond ETF | 0.06 | 0.04 | -0.03 | 100 | Ultrashort Bond | WDS vs SGOV | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.09 | 0.16 | 0.19 | 87 | Inflation-Protected Bonds | WDS vs VTIP | |
| Invesco FTSE RAFI Emerging Markets ETF | 0.13 | 0.37 | 0.41 | 52 | Emerging Markets Equities | WDS vs PXH |
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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 -0.11, down from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eli Lilly and Company | -0.11 | 0.00 | 0.03 | 75 | Healthcare | |
| Amazon.com, Inc | -0.11 | 0.09 | 0.17 | 52 | Consumer Cyclical | |
| ASML Holding N.V. | -0.10 | 0.14 | 0.23 | 93 | Technology | |
| Rolls-Royce Holdings plc | -0.08 | 0.09 | 0.19 | 78 | Industrials | |
| Lam Research Corporation | -0.07 | 0.11 | 0.19 | 98 | Technology |
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Build a portfolio that complements WDS
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