Looking to balance out your exposure to WIT? The ETFs below have the lowest correlation with WIT — they tend to move on their own, which can help reduce risk when WIT drops. The stock ideas table highlights individual companies that behave independently from WIT.
Best Diversifiers for WIT
4 ETFs have low correlation with WIT (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco ESG NASDAQ 100 ETF (QQMG) (Nasdaq-100) with a 1Y correlation of 0.13, down from 0.29 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco ESG NASDAQ 100 ETF | 0.13 | 0.29 | — | 54 | Nasdaq-100 | WIT vs QQMG | |
| Invesco QQQ ETF | 0.14 | 0.30 | 0.41 | 53 | Nasdaq-100 | WIT vs QQQ | |
| Vanguard Large-Cap ETF | 0.17 | 0.33 | 0.45 | 63 | Large Cap Blend Equities | WIT vs VV | |
| Vanguard S&P 500 ETF | 0.17 | 0.33 | 0.44 | 66 | S&P 500 | WIT vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from WIT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to WIT and solid risk/return profiles. The least correlated is Bloom Energy Corporation (BE) (Industrials) with a 1Y correlation of -0.10, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Bloom Energy Corporation | -0.10 | 0.08 | 0.21 | 98 | Industrials | |
| Tenaris S.A. | -0.03 | 0.12 | 0.17 | 88 | Energy | |
| Nokia Corporation | -0.03 | 0.17 | 0.30 | 90 | Technology | |
| First Solar, Inc. | -0.02 | 0.09 | 0.14 | 61 | Technology | |
| Credo Technology Group Holding Ltd | -0.01 | 0.13 | 0.20 | 77 | Technology |
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