Looking to balance out your exposure to WK? The ETFs below have the lowest correlation with WK — they tend to move on their own, which can help reduce risk when WK drops. The stock ideas table highlights individual companies that behave independently from WK.
Best Diversifiers for WK
6 ETFs have low correlation with WK (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.01, down from 0.47 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.01 | 0.30 | 0.47 | 58 | Nasdaq-100 | WK vs QQQ | |
| Fidelity MSCI Information Technology Index ETF | 0.03 | 0.31 | 0.48 | 58 | Technology Equities | WK vs FTEC | |
| Vanguard S&P 500 ETF | 0.05 | 0.34 | 0.48 | 66 | S&P 500 | WK vs VOO | |
| SPDR Portfolio S&P 400 Mid Cap ETF | 0.06 | 0.39 | 0.49 | 51 | Mid Cap Blend Equities | WK vs SPMD | |
| SPDR Portfolio S&P 1500 Composite Stock Market ETF | 0.07 | 0.36 | 0.49 | 67 | Large Cap Blend Equities | WK vs SPTM |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from WK, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to WK and solid risk/return profiles. The least correlated is Corning Incorporated (GLW) (Technology) with a 1Y correlation of -0.26, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Corning Incorporated | -0.26 | 0.09 | 0.24 | 97 | Technology | |
| Vertiv Holdings Co. | -0.20 | 0.13 | 0.31 | 93 | Industrials | |
| General Electric Company | -0.12 | 0.16 | 0.25 | 78 | Industrials | |
| argenx SE | -0.06 | 0.08 | 0.21 | 85 | Healthcare | |
| Energy Transfer LP | -0.04 | 0.17 | 0.22 | 84 | Energy |
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Build a portfolio that complements WK
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