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
7 ETFs have low correlation with WK (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR Portfolio S&P 500 Growth ETF (SPYG) (S&P 500) with a 1Y correlation of 0.12, down from 0.48 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR Portfolio S&P 500 Growth ETF | 0.12 | 0.32 | 0.48 | 60 | S&P 500, Large Cap Growth Equities | WK vs SPYG | |
| Invesco QQQ ETF | 0.13 | 0.34 | 0.50 | 74 | Nasdaq-100 | WK vs QQQ | |
| Vanguard S&P 500 ETF | 0.15 | 0.37 | 0.49 | 74 | S&P 500 | WK vs VOO | |
| Fidelity MSCI Information Technology Index ETF | 0.15 | 0.35 | 0.50 | 77 | Technology Equities | WK vs FTEC | |
| SPDR Portfolio S&P 1500 Composite Stock Market ETF | 0.16 | 0.39 | 0.50 | 74 | Large Cap Blend Equities | WK vs SPTM |
See all 7 diversifiers for WK
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Diversification Analysis
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