Looking to balance out your exposure to WELL? The ETFs below have the lowest correlation with WELL — they tend to move on their own, which can help reduce risk when WELL drops. The stock ideas table highlights individual companies that behave independently from WELL.
Best Diversifiers for WELL
280 ETFs have low correlation with WELL (below 0.3), 24 of which are negatively correlated. The least correlated is Roundhill Generative AI & Technology ETF (CHAT) (Technology Equities) with a 1Y correlation of -0.07, down from 0.07 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Roundhill Generative AI & Technology ETF | -0.07 | 0.07 | — | 94 | Technology Equities | WELL vs CHAT | |
| GraniteShares 2x Long DELL Daily ETF | -0.06 | — | — | 95 | Leveraged Equities | WELL vs DLLL | |
| Direxion Daily Technology Bull 3X Shares | -0.06 | 0.09 | 0.21 | 85 | Leveraged Equities, Technology Equities | WELL vs TECL | |
| United States Oil Fund LP | -0.03 | -0.09 | 0.02 | 66 | Oil & Gas | WELL vs USO | |
| Vanguard Energy ETF | -0.03 | 0.07 | 0.16 | 64 | Energy Equities | WELL vs VDE |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from WELL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to WELL and solid risk/return profiles. The least correlated is Amazon.com, Inc (AMZN) (Consumer Cyclical) with a 1Y correlation of -0.14, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Amazon.com, Inc | -0.14 | 0.01 | 0.13 | 60 | Consumer Cyclical | |
| Thermo Fisher Scientific Inc. | -0.13 | 0.10 | 0.19 | 56 | Healthcare | |
| Astera Labs, Inc. | -0.12 | — | — | 89 | Technology | |
| Oracle Corporation | -0.11 | 0.06 | 0.16 | 58 | Technology | |
| ConocoPhillips Company | -0.08 | -0.00 | 0.09 | 76 | Energy |
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