Looking to balance out your exposure to WHD? The ETFs below have the lowest correlation with WHD — they tend to move on their own, which can help reduce risk when WHD drops. The stock ideas table highlights individual companies that behave independently from WHD.
Best Diversifiers for WHD
2 ETFs have low correlation with WHD (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 0.28, roughly unchanged from 0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.28 | 0.35 | 0.38 | 70 | S&P 500 | WHD vs SPY | |
| Vanguard S&P 500 ETF | 0.29 | 0.36 | 0.38 | 70 | S&P 500 | WHD vs VOO | |
| State Street Energy Select Sector SPDR ETF | 0.46 | 0.61 | 0.69 | 63 | Energy Equities | WHD vs XLE |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from WHD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to WHD and solid risk/return profiles. The least correlated is InterDigital, Inc. (IDCC) (Communication Services) with a 1Y correlation of 0.16, roughly unchanged from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| InterDigital, Inc. | 0.16 | 0.23 | 0.24 | 51 | Communication Services | |
| Adeia Inc | 0.22 | 0.27 | 0.26 | 90 | Technology | |
| M/I Homes, Inc. | 0.24 | 0.33 | 0.30 | 62 | Consumer Cyclical | |
| DXP Enterprises, Inc. | 0.25 | 0.32 | 0.40 | 80 | Industrials | |
| Dorian LPG Ltd. | 0.26 | 0.30 | 0.39 | 89 | Energy |
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