Looking to diversify beyond WDTE? The ETFs below have the lowest correlation with WDTE — 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 WDTE.
Best Diversifiers for WDTE
313 ETFs have low correlation with WDTE (below 0.3), 73 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.27 | — | — | 66 | Oil & Gas | WDTE vs USO | |
| Invesco DB Energy Fund | -0.27 | — | — | 71 | Oil & Gas | WDTE vs DBE | |
| United States Brent Oil Fund LP | -0.26 | — | — | 65 | Oil & Gas | WDTE vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.25 | — | — | 56 | Derivative Income | WDTE vs USOY | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.24 | — | — | 55 | Oil & Gas | WDTE vs OILK |
See all 1599 diversifiers for WDTE
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Diversification Analysis
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