Looking to balance out your exposure to WK? The ETFs below have historically moved differently from WK, 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 WK
5 ETFs have low correlation with WK (below 0.3), 1 of which are negatively correlated. The least correlated is Fidelity MSCI Information Technology Index ETF (FTEC) (Technology Equities) with a 1Y correlation of -0.04, down from 0.46 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity MSCI Information Technology Index ETF | -0.04 | 0.27 | 0.46 | 52 | Technology Equities | WK vs FTEC | |
| Vanguard S&P 500 ETF | 0.00 | 0.32 | 0.47 | 68 | S&P 500 | WK vs VOO | |
| SPDR Portfolio S&P 1500 Composite Stock Market ETF | 0.03 | 0.34 | 0.48 | 70 | Large Cap Blend Equities | WK vs SPTM | |
| SPDR Portfolio S&P 400 Mid Cap ETF | 0.03 | 0.38 | 0.48 | 62 | Mid Cap Blend Equities | WK vs SPMD | |
| State Street SPDR Portfolio S&P 600 Small Cap ETF | 0.06 | 0.40 | 0.47 | 86 | Small Cap Blend Equities | WK vs SPSM |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for WK, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Corning Incorporated (GLW) (Technology) with a 1Y correlation of -0.31, down from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Corning Incorporated | -0.31 | 0.05 | 0.21 | 86 | Technology | |
| Vertiv Holdings Co. | -0.24 | 0.11 | 0.29 | 76 | Industrials | |
| General Electric Company | -0.12 | 0.15 | 0.24 | 74 | Industrials | |
| argenx SE | -0.06 | 0.06 | 0.20 | 69 | Healthcare | |
| Energy Transfer LP | -0.04 | 0.16 | 0.21 | 81 | Energy |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements WK
Add WK to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with WK