Looking to balance out your exposure to WKHS? The ETFs below have the lowest correlation with WKHS — they tend to move on their own, which can help reduce risk when WKHS drops. The stock ideas table highlights individual companies that behave independently from WKHS.
Best Diversifiers for WKHS
0 ETFs have low correlation with WKHS (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.37, roughly unchanged from 0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.37 | 0.33 | 0.40 | 74 | S&P 500 | WKHS vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from WKHS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to WKHS and solid risk/return profiles. The least correlated is Savara Inc. (SVRA) (Healthcare) with a 1Y correlation of 0.13, roughly unchanged from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Savara Inc. | 0.13 | 0.18 | 0.21 | 84 | Healthcare | |
| EMCOR Group, Inc. | 0.25 | 0.18 | 0.22 | 84 | Industrials | |
| Plug Power Inc. | 0.37 | 0.40 | 0.50 | 90 | Industrials |
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