Looking to balance out your exposure to WGO? The ETFs below have historically moved differently from WGO, 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 WGO
1 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 0.27, down from 0.45 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.27 | 0.38 | 0.45 | 72 | S&P 500 | WGO vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for WGO, 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 Acushnet Holdings Corp. (GOLF) (Consumer Cyclical) with a 1Y correlation of 0.38, down from 0.48 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Acushnet Holdings Corp. | 0.38 | 0.49 | 0.48 | 73 | Consumer Cyclical | |
| Synchrony Financial | 0.41 | 0.43 | 0.49 | 56 | Financial Services | |
| Polaris Industries Inc. | 0.55 | 0.64 | 0.66 | 73 | Consumer Cyclical | |
| Brunswick Corporation | 0.60 | 0.68 | 0.70 | 77 | Consumer Cyclical | |
| LCI Industries | 0.68 | 0.77 | 0.75 | 55 | Consumer Cyclical |
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