Looking to balance out your exposure to WEN? The ETFs below have the lowest correlation with WEN — they tend to move on their own, which can help reduce risk when WEN drops. The stock ideas table highlights individual companies that behave independently from WEN.
Best Diversifiers for WEN
7 ETFs have low correlation with WEN (below 0.3), 1 of which are negatively correlated. The least correlated is ProShares Ultra Semiconductors (USD) (Leveraged Equities) with a 1Y correlation of -0.13, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Semiconductors | -0.13 | -0.03 | 0.14 | 77 | Leveraged Equities, Semiconductors | WEN vs USD | |
| Invesco QQQ ETF | 0.04 | 0.07 | 0.24 | 63 | Nasdaq-100 | WEN vs QQQ | |
| Vanguard S&P 500 ETF | 0.11 | 0.17 | 0.32 | 68 | S&P 500 | WEN vs VOO | |
| iShares Core S&P 500 ETF | 0.12 | 0.17 | 0.32 | 68 | S&P 500 | WEN vs IVV | |
| State Street SPDR S&P 500 ETF | 0.13 | 0.17 | 0.32 | 68 | S&P 500 | WEN vs SPY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from WEN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to WEN and solid risk/return profiles. The least correlated is Advanced Micro Devices, Inc. (AMD) (Technology) with a 1Y correlation of -0.11, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Advanced Micro Devices, Inc. | -0.11 | 0.01 | 0.13 | 97 | Technology | |
| NVIDIA Corporation | -0.11 | -0.06 | 0.12 | 66 | Technology | |
| Cardinal Health, Inc. | -0.09 | 0.01 | 0.13 | 84 | Healthcare | |
| Micron Technology, Inc. | -0.07 | 0.02 | 0.13 | 99 | Technology | |
| Taiwan Semiconductor Manufacturing Company Limited | -0.04 | 0.00 | 0.12 | 93 | Technology |
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Build a portfolio that complements WEN
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