Looking to diversify beyond WEEL? The ETFs below have historically moved differently from WEEL, 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 WEEL
222 ETFs have low correlation with WEEL (below 0.3), 40 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 | -0.48 | — | — | 75 | Derivative Income | WEEL vs WNTR | |
| ProShares Short Bitcoin ETF | -0.47 | — | — | 61 | Cryptocurrency | WEEL vs BITI | |
| Alpha Architect Tail Risk ETF | -0.33 | — | — | 56 | Options Trading | WEEL vs CAOS | |
| Invesco DB Energy Fund | -0.24 | — | — | 72 | Oil & Gas | WEEL vs DBE | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.21 | — | — | 97 | Inflation-Protected Bonds | WEEL vs IBID |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for WEEL, 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 General American Investors Company, Inc. (GAM) (Financial Services) with a 1Y correlation of 0.59, roughly unchanged from 0.61 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| General American Investors Company, Inc. | 0.59 | 0.61 | 0.61 | 93 | Financial Services |
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