Looking to balance out your exposure to WEN? The ETFs below have historically moved differently from WEN, 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 WEN
6 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 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Semiconductors | -0.13 | -0.04 | 0.13 | 52 | Leveraged Equities, Semiconductors | WEN vs USD | |
| Vanguard S&P 500 ETF | 0.08 | 0.17 | 0.31 | 68 | S&P 500 | WEN vs VOO | |
| iShares Core S&P 500 ETF | 0.08 | 0.17 | 0.31 | 67 | S&P 500 | WEN vs IVV | |
| State Street SPDR S&P 500 ETF | 0.09 | 0.17 | 0.32 | 67 | S&P 500 | WEN vs SPY | |
| Vanguard Total Stock Market ETF | 0.10 | 0.19 | 0.33 | 67 | Large Cap Blend Equities | WEN vs VTI |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for WEN, 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 NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.11, down from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.11 | -0.06 | 0.11 | 56 | Technology | |
| Advanced Micro Devices, Inc. | -0.10 | 0.01 | 0.13 | 94 | Technology | |
| Cardinal Health, Inc. | -0.09 | 0.01 | 0.12 | 86 | Healthcare | |
| Micron Technology, Inc. | -0.07 | 0.01 | 0.13 | 99 | Technology | |
| Valero Energy Corporation | -0.05 | 0.10 | 0.10 | 98 | Energy |
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Build a portfolio that complements WEN
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