Looking to balance out your exposure to WEGZY? The ETFs below have the lowest correlation with WEGZY — they tend to move on their own, which can help reduce risk when WEGZY drops. The stock ideas table highlights individual companies that behave independently from WEGZY.
Best Diversifiers for WEGZY
4 ETFs have low correlation with WEGZY (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco PHLX Semiconductor ETF (SOXQ) (Semiconductors) with a 1Y correlation of 0.10, roughly unchanged from 0.16 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco PHLX Semiconductor ETF | 0.10 | 0.16 | — | 96 | Semiconductors, Technology Equities | WEGZY vs SOXQ | |
| iShares Semiconductor ETF | 0.11 | 0.16 | 0.19 | 96 | Semiconductors, Technology Equities | WEGZY vs SOXX | |
| iShares Core S&P 500 ETF | 0.15 | 0.20 | 0.20 | 74 | S&P 500 | WEGZY vs IVV | |
| iShares S&P 500 Growth ETF | 0.16 | 0.19 | 0.19 | 59 | Large Cap Growth Equities, S&P 500 | WEGZY vs IVW |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from WEGZY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to WEGZY and solid risk/return profiles. The least correlated is Itaú Unibanco Holding S.A. (ITUB) (Financial Services) with a 1Y correlation of 0.39, roughly unchanged from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Itaú Unibanco Holding S.A. | 0.39 | 0.35 | 0.35 | 69 | Financial Services |
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