Looking to diversify beyond WEAT? The ETFs below have the lowest correlation with WEAT — 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 WEAT.
Best Diversifiers for WEAT
1540 ETFs have low correlation with WEAT (below 0.3), 1321 of which are negatively correlated. The least correlated is iShares High Yield Corporate Bond Buywrite Strategy ETF (HYGW) (High Yield Bonds) with a 1Y correlation of -0.20, down from -0.07 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares High Yield Corporate Bond Buywrite Strateg... | -0.20 | -0.07 | — | 85 | High Yield Bonds | WEAT vs HYGW | |
| Franklin Ultra Short Bond ETF | -0.18 | -0.09 | -0.05 | 96 | Ultrashort Bond | WEAT vs FLUD | |
| VanEck AA-BB CLO ETF | -0.18 | — | — | 80 | CLO | WEAT vs CLOB | |
| Bondbloxx IR+M Tax-Aware Short Duration ETF | -0.18 | — | — | 89 | Municipal Bonds | WEAT vs TAXX | |
| iShares Neuroscience and Healthcare ETF | -0.18 | -0.06 | -0.00 | 93 | Health & Biotech Equities | WEAT vs IBRN |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from WEAT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to WEAT and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Reddit, Inc. | -0.08 | — | — | 62 | Communication Services | |
| Star Bulk Carriers Corp. | -0.05 | 0.04 | 0.05 | 85 | Industrials | |
| Kraken Robotics Inc | -0.05 | -0.01 | -0.02 | 78 | Technology | |
| STMicroelectronics N.V. | -0.04 | -0.02 | -0.01 | 88 | Technology | |
| Ituran Location and Control Ltd. | -0.03 | -0.01 | -0.02 | 83 | Technology |
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