Looking to diversify beyond WGMI? The ETFs below have the lowest correlation with WGMI — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from WGMI.
Best Diversifiers for WGMI
497 ETFs have low correlation with WGMI (below 0.3), 68 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.52, roughly unchanged from -0.62 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.52 | -0.62 | — | 57 | Cryptocurrency | WGMI vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.52 | — | — | 52 | Cryptocurrency, Leveraged Cryptocurrency | WGMI vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.51 | — | — | 68 | Inverse Equities, Leveraged Equities | WGMI vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.49 | — | — | 70 | Derivative Income | WGMI vs WNTR | |
| Invesco DB US Dollar Index Bullish Fund | -0.18 | -0.19 | -0.25 | 51 | Currency | WGMI vs UUP |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from WGMI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to WGMI and solid risk/return profiles. The least correlated is The Allstate Corporation (ALL) (Financial Services) with a 1Y correlation of -0.25, down from -0.04 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Allstate Corporation | -0.25 | -0.04 | — | 84 | Financial Services | |
| The Coca-Cola Company | -0.20 | -0.06 | — | 83 | Consumer Defensive | |
| Altria Group, Inc. | -0.15 | -0.00 | — | 81 | Consumer Defensive | |
| Berkshire Hathaway Inc. | -0.12 | 0.10 | 0.20 | 53 | Financial Services | |
| Cboe Global Markets, Inc. | -0.09 | -0.12 | — | 62 | Financial Services |
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