Looking to balance out your exposure to WKC? The ETFs below have the lowest correlation with WKC — they tend to move on their own, which can help reduce risk when WKC drops. The stock ideas table highlights individual companies that behave independently from WKC.
Best Diversifiers for WKC
3 ETFs have low correlation with WKC (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.21, down from 0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.21 | 0.33 | 0.38 | 66 | S&P 500 | WKC vs SPY | |
| Vanguard S&P 500 ETF | 0.21 | 0.33 | 0.38 | 66 | S&P 500 | WKC vs VOO | |
| State Street Energy Select Sector SPDR ETF | 0.27 | 0.38 | 0.51 | 66 | Energy Equities | WKC vs XLE |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from WKC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to WKC and solid risk/return profiles. The least correlated is Broadcom Inc. (AVGO) (Technology) with a 1Y correlation of -0.04, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Broadcom Inc. | -0.04 | 0.08 | 0.19 | 71 | Technology | |
| Credo Technology Group Holding Ltd | -0.03 | 0.08 | 0.15 | 85 | Technology | |
| Talen Energy Corporation | -0.02 | 0.04 | — | 65 | Utilities | |
| Applied Optoelectronics, Inc. | -0.00 | 0.12 | 0.17 | 98 | Technology | |
| Johnson & Johnson | 0.01 | 0.15 | 0.10 | 94 | Healthcare |
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