Looking to balance out your exposure to WGS? The ETFs below have the lowest correlation with WGS — they tend to move on their own, which can help reduce risk when WGS drops. The stock ideas table highlights individual companies that behave independently from WGS.
Best Diversifiers for WGS
4 ETFs have low correlation with WGS (below 0.3), 0 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GraniteShares 2x Long AMD Daily ETF | 0.09 | — | — | 95 | Leveraged Equities | WGS vs AMDL | |
| Invesco QQQ ETF | 0.27 | 0.28 | 0.37 | 58 | Nasdaq-100 | WGS vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.30 | 0.29 | 0.36 | 66 | S&P 500 | WGS vs SPY | |
| ProShares UltraPro S&P 500 | 0.30 | 0.29 | 0.36 | 52 | Leveraged Equities, S&P 500 | WGS vs UPRO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from WGS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to WGS and solid risk/return profiles. The least correlated is Evergy, Inc. (EVRG) (Utilities) with a 1Y correlation of -0.03, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Evergy, Inc. | -0.03 | 0.05 | 0.08 | 89 | Utilities | |
| Powell Industries, Inc. | -0.02 | 0.14 | 0.16 | 96 | Industrials | |
| Covista Inc. | 0.01 | 0.10 | 0.16 | 54 | Consumer Defensive | |
| Argan, Inc. | 0.07 | 0.11 | 0.15 | 94 | Industrials | |
| POET Technologies Inc | 0.08 | 0.13 | 0.12 | 56 | Technology |
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