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
23 ETFs have low correlation with WES (below 0.3), 7 of which are negatively correlated. The least correlated is iShares Flexible Income Active ETF (BINC) (Multisector Bonds) with a 1Y correlation of -0.08, down from 0.13 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Flexible Income Active ETF | -0.08 | 0.13 | — | 67 | Multisector Bonds | WES vs BINC | |
| iShares iBonds 2028 Term High Yield and Income ETF | -0.06 | 0.15 | — | 82 | High Yield Bonds | WES vs IBHH | |
| iShares Global Tech ETF | -0.06 | 0.15 | 0.23 | 88 | Technology Equities | WES vs IXN | |
| Vanguard Information Technology ETF | -0.04 | 0.17 | 0.25 | 76 | Technology Equities | WES vs VGT | |
| iShares iBonds 2026 Term High Yield and Income ETF | -0.03 | 0.17 | 0.28 | 86 | Corporate Bonds | WES vs IBHF |
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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 Eldorado Gold Corporation (EGO) (Basic Materials) with a 1Y correlation of -0.00, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eldorado Gold Corporation | -0.00 | 0.08 | 0.18 | 66 | Basic Materials | |
| Howmet Aerospace Inc. | 0.02 | 0.17 | 0.33 | 79 | Industrials | |
| Mizuho Financial Group, Inc. | 0.03 | 0.19 | 0.21 | 86 | Financial Services | |
| Vertiv Holdings Co. | 0.06 | 0.17 | 0.22 | 94 | Industrials | |
| Walmart Inc. | 0.06 | 0.14 | 0.16 | 63 | Consumer Defensive |
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