Looking to diversify beyond WEAT? The ETFs below have historically moved differently from WEAT, 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 WEAT
1711 ETFs have low correlation with WEAT (below 0.3), 1371 of which are negatively correlated. The least correlated is Invesco BulletShares 2032 Municipal Bond ETF (BSMW) (Municipal Bonds) with a 1Y correlation of -0.20, down from -0.04 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco BulletShares 2032 Municipal Bond ETF | -0.20 | -0.04 | — | 65 | Municipal Bonds | WEAT vs BSMW | |
| SGI Enhanced Core ETF | -0.18 | -0.08 | -0.08 | 97 | Intermediate Core Bond | WEAT vs USDX | |
| iShares High Yield Corporate Bond Buywrite Strateg... | -0.18 | -0.06 | — | 88 | Derivative Income, High Yield Bonds | WEAT vs HYGW | |
| VanEck AA-BB CLO ETF | -0.17 | — | — | 86 | CLO, Investment Grade Bonds, High Yield Bonds, Actively Managed | WEAT vs CLOB | |
| Roundhill Weekly T-Bill ETF | -0.17 | -0.13 | -0.13 | 99 | Ultrashort Bond | WEAT vs WEEK |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for WEAT, 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 Employers Holdings, Inc. (EIG) (Financial Services) with a 1Y correlation of -0.16, down from -0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Employers Holdings, Inc. | -0.16 | -0.10 | -0.05 | 74 | Financial Services | |
| Berkshire Hathaway Inc. | -0.08 | -0.06 | 0.00 | 61 | Financial Services | |
| Pfizer Inc. | -0.08 | -0.03 | 0.01 | 64 | Healthcare | |
| Kraken Robotics Inc | -0.05 | -0.01 | -0.02 | 73 | Technology | |
| Star Bulk Carriers Corp. | -0.05 | 0.04 | 0.05 | 90 | Industrials |
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