Looking to diversify beyond WIP? The ETFs below have the lowest correlation with WIP — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from WIP.
Best Diversifiers for WIP
253 ETFs have low correlation with WIP (below 0.3), 60 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.48, roughly unchanged from -0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.48 | -0.42 | -0.46 | 72 | Leveraged Currency | WIP vs YCS | |
| Invesco DB Energy Fund | -0.33 | -0.12 | 0.01 | 57 | Oil & Gas | WIP vs DBE | |
| TCW AAA CLO ETF | -0.32 | — | — | 99 | CLO | WIP vs ACLO | |
| ProShares Short Bitcoin ETF | -0.32 | -0.17 | — | 53 | Cryptocurrency | WIP vs BITI | |
| United States Gasoline Fund LP | -0.28 | -0.09 | 0.02 | 82 | Oil & Gas | WIP vs UGA |
See all 1571 diversifiers for WIP
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