Looking to balance out your exposure to WLDN? The ETFs below have the lowest correlation with WLDN — they tend to move on their own, which can help reduce risk when WLDN drops. The stock ideas table highlights individual companies that behave independently from WLDN.
Best Diversifiers for WLDN
3 ETFs have low correlation with WLDN (below 0.3), 0 of which are negatively correlated. The least correlated is First Trust Morningstar Dividend Leaders Index Fund (FDL) (Large Cap Value Equities) with a 1Y correlation of 0.18, down from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| First Trust Morningstar Dividend Leaders Index Fun... | 0.18 | 0.31 | 0.32 | 87 | Large Cap Value Equities, Dividend | WLDN vs FDL | |
| Principal Spectrum Preferred Secs Active ETF | 0.21 | 0.22 | 0.22 | 69 | Preferred Stock/Convertible Bonds | WLDN vs PREF | |
| iMGP DBi Managed Futures Strategy ETF | 0.22 | 0.14 | 0.03 | 86 | Systematic Trend | WLDN vs DBMF | |
| Invesco QQQ ETF | 0.37 | 0.35 | 0.35 | 53 | Nasdaq-100 | WLDN vs QQQ | |
| iShares Core 80/20 Aggressive Allocation ETF | 0.42 | 0.44 | 0.43 | 65 | Diversified Portfolio | WLDN vs AOA |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from WLDN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to WLDN and solid risk/return profiles. The least correlated is The Allstate Corporation (ALL) (Financial Services) with a 1Y correlation of -0.03, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Allstate Corporation | -0.03 | 0.07 | 0.17 | 76 | Financial Services | |
| The Hanover Insurance Group, Inc. | -0.00 | 0.12 | 0.19 | 82 | Financial Services | |
| Kiniksa Pharmaceuticals, Ltd. | 0.08 | 0.21 | 0.22 | 95 | Healthcare | |
| Maze Therapeutics, Inc | 0.09 | 0.11 | 0.11 | 72 | Healthcare | |
| Humana Inc. | 0.09 | 0.05 | 0.08 | 78 | Healthcare |
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