Looking to diversify beyond WLDR? The ETFs below have the lowest correlation with WLDR — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from WLDR.
Best Diversifiers for WLDR
292 ETFs have low correlation with WLDR (below 0.3), 69 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.30, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.30 | -0.02 | 0.14 | 71 | Oil & Gas | WLDR vs DBE | |
| United States Oil Fund LP | -0.30 | -0.03 | 0.13 | 66 | Oil & Gas | WLDR vs USO | |
| United States Brent Oil Fund LP | -0.28 | -0.02 | 0.13 | 65 | Oil & Gas | WLDR vs BNO | |
| United States Gasoline Fund LP | -0.27 | -0.03 | 0.11 | 71 | Oil & Gas | WLDR vs UGA | |
| Defiance Oil Enhanced Options Income ETF | -0.26 | -0.04 | -0.04 | 56 | Derivative Income | WLDR vs USOY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from WLDR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to WLDR and solid risk/return profiles. The least correlated is Delek Group Ltd (DELKY) (Energy) with a 1Y correlation of 0.12, roughly unchanged from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Delek Group Ltd | 0.12 | 0.15 | 0.14 | 88 | Energy | |
| Kenon Holdings Ltd. | 0.32 | 0.31 | 0.39 | 96 | Utilities |
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