Looking to balance out your exposure to WKSP? The ETFs below have the lowest correlation with WKSP — they tend to move on their own, which can help reduce risk when WKSP drops. The stock ideas table highlights individual companies that behave independently from WKSP.
Best Diversifiers for WKSP
0 ETFs have low correlation with WKSP (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.33, roughly unchanged from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.33 | 0.27 | 0.28 | 73 | Nasdaq-100 | WKSP vs QQQ |
Diversification Analysis
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