Looking to diversify beyond WGMI? The ETFs below have historically moved differently from WGMI, 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 WGMI
633 ETFs have low correlation with WGMI (below 0.3), 106 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Proshares Ultrashort Bitcoin ETF | -0.53 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | WGMI vs SBIT | |
| ProShares Short Bitcoin ETF | -0.52 | -0.61 | — | 61 | Cryptocurrency | WGMI vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.51 | — | — | 61 | Inverse Equities, Leveraged Equities | WGMI vs MSTZ | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.49 | — | — | 75 | Derivative Income | WGMI vs WNTR | |
| Alpha Architect Tail Risk ETF | -0.23 | -0.10 | — | 56 | Options Trading | WGMI vs CAOS |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for WGMI, 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 The Allstate Corporation (ALL) (Financial Services) with a 1Y correlation of -0.30, down from -0.04 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Allstate Corporation | -0.30 | -0.04 | — | 82 | Financial Services | |
| The Coca-Cola Company | -0.22 | -0.07 | — | 90 | Consumer Defensive | |
| Berkshire Hathaway Inc. | -0.16 | 0.09 | — | 61 | Financial Services | |
| Cboe Global Markets, Inc. | -0.13 | -0.14 | -0.02 | 69 | Financial Services | |
| Altria Group, Inc. | -0.11 | 0.02 | 0.04 | 66 | Consumer Defensive |
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