Looking to balance out your exposure to WH? The ETFs below have the lowest correlation with WH — they tend to move on their own, which can help reduce risk when WH drops. The stock ideas table highlights individual companies that behave independently from WH.
Best Diversifiers for WH
3 ETFs have low correlation with WH (below 0.3), 0 of which are negatively correlated. The least correlated is iShares MSCI All Country Asia ex-Japan ETF (AAXJ) (Asia Pacific Equities) with a 1Y correlation of 0.13, down from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares MSCI All Country Asia ex-Japan ETF | 0.13 | 0.24 | 0.31 | 55 | Asia Pacific Equities | WH vs AAXJ | |
| VanEck Pharmaceutical ETF | 0.20 | 0.22 | 0.28 | 57 | Health & Biotech Equities | WH vs PPH | |
| State Street SPDR S&P 500 ETF | 0.24 | 0.40 | 0.50 | 65 | S&P 500 | WH vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from WH, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to WH and solid risk/return profiles. The least correlated is TC Energy Corporation (TRP) (Energy) with a 1Y correlation of -0.07, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| TC Energy Corporation | -0.07 | 0.10 | 0.23 | 96 | Energy | |
| Enbridge Inc. | -0.01 | 0.14 | 0.27 | 88 | Energy | |
| Brookfield Renewable Partners L.P. | 0.04 | 0.17 | 0.23 | 71 | Utilities | |
| RenaissanceRe Holdings Ltd. | 0.12 | 0.17 | 0.25 | 82 | Financial Services | |
| Public Storage | 0.35 | 0.27 | 0.25 | 66 | Real Estate |
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