Looking to diversify beyond WEED? The ETFs below have the lowest correlation with WEED — 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 WEED.
Best Diversifiers for WEED
1113 ETFs have low correlation with WEED (below 0.3), 31 of which are negatively correlated. The least correlated is Breakwave Tanker Shipping ETF (BWET) (Commodities) with a 1Y correlation of -0.13, roughly unchanged from -0.07 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Breakwave Tanker Shipping ETF | -0.13 | -0.07 | — | 98 | Commodities | WEED vs BWET | |
| iShares Enhanced Short-Term Bond Active ETF | -0.12 | — | — | 99 | Ultrashort Bond | WEED vs CSHP | |
| Simplify Currency Strategy ETF | -0.09 | — | — | 68 | Leveraged Currency | WEED vs FOXY | |
| Goldman Sachs Ultra Short Bond ETF | -0.09 | -0.02 | -0.02 | 99 | Ultrashort Bond | WEED vs GSST | |
| Horizon Landmark ETF | -0.07 | -0.07 | -0.07 | 98 | Ultrashort Bond | WEED vs BENJ |
See all 1137 diversifiers for WEED
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Diversification Analysis
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