Looking to balance out your exposure to WING? The ETFs below have the lowest correlation with WING — they tend to move on their own, which can help reduce risk when WING drops. The stock ideas table highlights individual companies that behave independently from WING.
Best Diversifiers for WING
4 ETFs have low correlation with WING (below 0.3), 0 of which are negatively correlated. The least correlated is iShares MSCI Japan Small Cap ETF (SCJ) (Japan Equities) with a 1Y correlation of 0.04, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares MSCI Japan Small Cap ETF | 0.04 | 0.14 | 0.20 | 53 | Japan Equities | WING vs SCJ | |
| State Street SPDR S&P 500 ETF | 0.23 | 0.34 | 0.42 | 70 | S&P 500 | WING vs SPY | |
| Vanguard S&P 500 ETF | 0.23 | 0.34 | 0.42 | 70 | S&P 500 | WING vs VOO | |
| Vanguard Total Stock Market ETF | 0.25 | 0.35 | 0.43 | 68 | Large Cap Blend Equities | WING vs VTI |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from WING, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to WING and solid risk/return profiles. The least correlated is Enterprise Products Partners L.P. (EPD) (Energy) with a 1Y correlation of -0.13, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Enterprise Products Partners L.P. | -0.13 | 0.03 | 0.11 | 85 | Energy | |
| Golar LNG Limited | -0.12 | 0.05 | 0.11 | 65 | Energy | |
| Johnson & Johnson | -0.09 | -0.07 | 0.01 | 92 | Healthcare | |
| Walmart Inc. | -0.07 | 0.12 | 0.15 | 63 | Consumer Defensive | |
| Nutrien Ltd. | -0.05 | 0.00 | 0.06 | 58 | Basic Materials |
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