Looking to balance out your exposure to WES? The ETFs below have the lowest correlation with WES — they tend to move on their own, which can help reduce risk when WES drops. The stock ideas table highlights individual companies that behave independently from WES.
Best Diversifiers for WES
24 ETFs have low correlation with WES (below 0.3), 8 of which are negatively correlated. The least correlated is iShares Global Tech ETF (IXN) (Technology Equities) with a 1Y correlation of -0.07, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Global Tech ETF | -0.07 | 0.14 | 0.23 | 76 | Technology Equities | WES vs IXN | |
| iShares iBonds 2028 Term High Yield and Income ETF | -0.05 | 0.15 | 0.26 | 80 | High Yield Bonds | WES vs IBHH | |
| Vanguard Information Technology ETF | -0.05 | 0.16 | 0.24 | 58 | Technology Equities | WES vs VGT | |
| Invesco QQQ ETF | -0.04 | 0.16 | 0.24 | 59 | Nasdaq-100 | WES vs QQQ | |
| iShares Flexible Income Active ETF | -0.04 | 0.14 | 0.14 | 69 | Multisector Bonds | WES vs BINC |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from WES, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to WES and solid risk/return profiles. The least correlated is Lam Research Corporation (LRCX) (Technology) with a 1Y correlation of -0.10, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Lam Research Corporation | -0.10 | 0.08 | 0.17 | 98 | Technology | |
| Teradyne, Inc. | -0.07 | 0.12 | 0.19 | 98 | Technology | |
| NVIDIA Corporation | -0.05 | 0.12 | 0.18 | 70 | Technology | |
| Broadcom Inc. | -0.04 | 0.09 | 0.17 | 71 | Technology | |
| Applied Materials, Inc. | -0.03 | 0.13 | 0.21 | 97 | Technology |
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