Looking to diversify beyond WEBL? The ETFs below have historically moved differently from WEBL, 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 WEBL
516 ETFs have low correlation with WEBL (below 0.3), 98 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax MSTR Short Option Income Strategy ETF | -0.40 | — | — | 69 | Derivative Income | WEBL vs WNTR | |
| ProShares Short Bitcoin ETF | -0.39 | -0.34 | — | 51 | Cryptocurrency | WEBL vs BITI | |
| YieldMax XOM Option Income Strategy ETF | -0.24 | -0.07 | -0.07 | 52 | Derivative Income, Dividend | WEBL vs XOMO | |
| Tortoise North American Pipeline Fund | -0.21 | 0.11 | 0.24 | 75 | Energy Equities | WEBL vs TPYP | |
| Invesco DB Energy Fund | -0.19 | -0.05 | 0.05 | 66 | Oil & Gas | WEBL vs DBE |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for WEBL, 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 Lumentum Holdings Inc. (LITE) (Technology) with a 1Y correlation of 0.17, down from 0.47 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Lumentum Holdings Inc. | 0.17 | 0.40 | 0.47 | 98 | Technology | |
| Micron Technology, Inc. | 0.22 | 0.36 | 0.43 | 99 | Technology | |
| Sandisk Corporation | 0.22 | 0.22 | 0.22 | 100 | Technology | |
| Applied Optoelectronics, Inc. | 0.29 | 0.39 | 0.43 | 95 | Technology | |
| Apple Inc | 0.31 | 0.39 | 0.55 | 90 | Technology |
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