Looking to diversify beyond WEEL? The ETFs below have the lowest correlation with WEEL — 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 WEEL.
Best Diversifiers for WEEL
187 ETFs have low correlation with WEEL (below 0.3), 24 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.45, roughly unchanged from -0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.45 | -0.41 | -0.41 | 57 | Cryptocurrency | WEEL vs BITI | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.44 | — | — | 70 | Derivative Income | WEEL vs WNTR | |
| Invesco DB Energy Fund | -0.20 | — | — | 53 | Oil & Gas | WEEL vs DBE | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.17 | — | — | 96 | Inflation-Protected Bonds | WEEL vs IBID | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.17 | — | — | 98 | Inflation-Protected Bonds | WEEL vs IBIC |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from WEEL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to WEEL and solid risk/return profiles. The least correlated is General American Investors Company, Inc. (GAM) (Financial Services) with a 1Y correlation of 0.58, roughly unchanged from 0.61 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| General American Investors Company, Inc. | 0.58 | 0.61 | 0.61 | 92 | Financial Services |
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