Looking to diversify beyond WEBL? The ETFs below have the lowest correlation with WEBL — 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 WEBL.
Best Diversifiers for WEBL
455 ETFs have low correlation with WEBL (below 0.3), 79 of which are negatively correlated. The least correlated is T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) (Inverse Equities) with a 1Y correlation of -0.43, roughly unchanged from -0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.43 | -0.44 | -0.44 | 68 | Inverse Equities, Leveraged Equities | WEBL vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.39 | — | — | 70 | Derivative Income | WEBL vs WNTR | |
| ProShares Short Bitcoin ETF | -0.37 | -0.34 | -0.37 | 57 | Cryptocurrency | WEBL vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.36 | -0.38 | -0.38 | 52 | Cryptocurrency, Leveraged Cryptocurrency | WEBL vs SBIT | |
| Invesco DB US Dollar Index Bullish Fund | -0.18 | -0.14 | -0.22 | 51 | Currency | WEBL vs UUP |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from WEBL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to WEBL and solid risk/return profiles. The least correlated is Lumentum Holdings Inc. (LITE) (Technology) with a 1Y correlation of 0.17, down from 0.48 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Lumentum Holdings Inc. | 0.17 | 0.41 | 0.48 | 99 | Technology | |
| Sandisk Corporation | 0.22 | — | — | 100 | Technology | |
| Micron Technology, Inc. | 0.24 | 0.40 | 0.48 | 99 | Technology | |
| Apple Inc | 0.31 | 0.40 | 0.56 | 91 | Technology | |
| Applied Optoelectronics, Inc. | 0.31 | 0.41 | 0.44 | 92 | Technology |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements WEBL
Add WEBL to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with WEBL