Looking to balance out your exposure to WGO? The ETFs below have the lowest correlation with WGO — they tend to move on their own, which can help reduce risk when WGO drops. The stock ideas table highlights individual companies that behave independently from WGO.
Best Diversifiers for WGO
0 ETFs have low correlation with WGO (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.30, down from 0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.30 | 0.38 | 0.45 | 70 | S&P 500 | WGO vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from WGO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to WGO and solid risk/return profiles. The least correlated is Synchrony Financial (SYF) (Financial Services) with a 1Y correlation of 0.42, roughly unchanged from 0.50 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Synchrony Financial | 0.42 | 0.43 | 0.50 | 56 | Financial Services | |
| Acushnet Holdings Corp. | 0.49 | 0.51 | 0.49 | 68 | Consumer Cyclical | |
| Polaris Industries Inc. | 0.64 | 0.66 | 0.67 | 77 | Consumer Cyclical | |
| LCI Industries | 0.75 | 0.79 | 0.76 | 61 | Consumer Cyclical |
Build a portfolio that complements WGO
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