Looking to diversify beyond WIP? The ETFs below have historically moved differently from WIP, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for WIP
331 ETFs have low correlation with WIP (below 0.3), 76 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.47, roughly unchanged from -0.46 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.47 | -0.44 | -0.46 | 59 | Leveraged Currency | WIP vs YCS | |
| ProShares Short Bitcoin ETF | -0.34 | -0.17 | — | 51 | Cryptocurrency | WIP vs BITI | |
| Invesco DB Energy Fund | -0.33 | -0.12 | -0.00 | 66 | Oil & Gas | WIP vs DBE | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.31 | -0.24 | -0.24 | 69 | Derivative Income | WIP vs WNTR | |
| FolioBeyond Alternative Income and Interest Rate H... | -0.30 | -0.27 | -0.31 | 51 | Nontraditional Bonds | WIP vs RISR |
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