Looking to balance out your exposure to WEX? The ETFs below have the lowest correlation with WEX — they tend to move on their own, which can help reduce risk when WEX drops. The stock ideas table highlights individual companies that behave independently from WEX.
Best Diversifiers for WEX
5 ETFs have low correlation with WEX (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Information Technology ETF (VGT) (Technology Equities) with a 1Y correlation of 0.20, down from 0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Information Technology ETF | 0.20 | 0.30 | 0.42 | 76 | Technology Equities | WEX vs VGT | |
| iShares High Yield Bond Factor ETF | 0.26 | 0.37 | 0.45 | 57 | High Yield Bonds | WEX vs HYDB | |
| Rareview Systematic Equity ETF | 0.26 | 0.40 | — | 62 | Long-Short | WEX vs RSEE | |
| State Street SPDR S&P 500 ETF | 0.29 | 0.42 | 0.52 | 70 | S&P 500 | WEX vs SPY | |
| Vanguard S&P 500 ETF | 0.29 | 0.42 | 0.52 | 70 | S&P 500 | WEX vs VOO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from WEX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to WEX and solid risk/return profiles. The least correlated is Apple Inc (AAPL) (Technology) with a 1Y correlation of 0.11, down from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Apple Inc | 0.11 | 0.16 | 0.26 | 89 | Technology |
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