Looking to balance out your exposure to WFRD? The ETFs below have the lowest correlation with WFRD — they tend to move on their own, which can help reduce risk when WFRD drops. The stock ideas table highlights individual companies that behave independently from WFRD.
Best Diversifiers for WFRD
2 ETFs have low correlation with WFRD (below 0.3), 1 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.07, roughly unchanged from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.07 | -0.02 | -0.03 | 100 | Ultrashort Bond | WFRD vs SGOV | |
| Vanguard Total Stock Market ETF | 0.29 | 0.36 | 0.35 | 59 | Large Cap Blend Equities | WFRD vs VTI | |
| iShares U.S. Oil Equipment & Services ETF | 0.76 | 0.77 | 0.74 | 74 | Energy Equities | WFRD vs IEZ |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from WFRD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to WFRD and solid risk/return profiles. The least correlated is Cboe Global Markets, Inc. (CBOE) (Financial Services) with a 1Y correlation of -0.13, down from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cboe Global Markets, Inc. | -0.13 | -0.10 | 0.01 | 55 | Financial Services | |
| Altria Group, Inc. | -0.04 | -0.02 | 0.10 | 72 | Consumer Defensive | |
| Coca-Cola Consolidated, Inc. | 0.01 | 0.04 | 0.07 | 85 | Consumer Defensive | |
| Monster Beverage Corporation | 0.07 | 0.07 | 0.07 | 85 | Consumer Defensive | |
| Lockheed Martin Corporation | 0.08 | 0.07 | 0.14 | 51 | Industrials |
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