Looking to balance out your exposure to WEC? The ETFs below have the lowest correlation with WEC — they tend to move on their own, which can help reduce risk when WEC drops. The stock ideas table highlights individual companies that behave independently from WEC.
Best Diversifiers for WEC
22 ETFs have low correlation with WEC (below 0.3), 10 of which are negatively correlated. The least correlated is State Street Technology Select Sector SPDR ETF (XLK) (Technology Equities) with a 1Y correlation of -0.18, down from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Technology Select Sector SPDR ETF | -0.18 | -0.13 | 0.02 | 83 | Technology Equities | WEC vs XLK | |
| Invesco QQQ ETF | -0.14 | -0.10 | 0.04 | 73 | Nasdaq-100 | WEC vs QQQ | |
| Invesco NASDAQ 100 ETF | -0.13 | -0.10 | 0.05 | 74 | Nasdaq-100 | WEC vs QQQM | |
| JPMorgan Nasdaq Equity Premium Income ETF | -0.12 | -0.09 | — | 74 | Nasdaq-100, Derivative Income | WEC vs JEPQ | |
| Defiance Quantum ETF | -0.12 | -0.08 | 0.01 | 91 | Technology Equities | WEC vs QTUM |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from WEC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to WEC and solid risk/return profiles. The least correlated is Oracle Corporation (ORCL) (Technology) with a 1Y correlation of -0.25, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Oracle Corporation | -0.25 | -0.09 | 0.05 | 58 | Technology | |
| Broadcom Inc. | -0.19 | -0.18 | -0.05 | 84 | Technology | |
| QUALCOMM Incorporated | -0.12 | -0.08 | -0.00 | 79 | Technology | |
| Innodata Inc. | -0.10 | -0.03 | -0.00 | 78 | Technology | |
| BigBear.ai Holdings, Inc. | -0.05 | -0.02 | — | 52 | Technology |
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