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
294 ETFs have low correlation with WLDR (below 0.3), 60 of which are negatively correlated. The least correlated is Proshares Ultrashort Bitcoin ETF (SBIT) (Cryptocurrency) with a 1Y correlation of -0.40, roughly unchanged from -0.39 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Proshares Ultrashort Bitcoin ETF | -0.40 | -0.39 | -0.39 | 52 | Cryptocurrency, Leveraged Cryptocurrency | WLDR vs SBIT | |
| ProShares Short Bitcoin ETF | -0.40 | -0.34 | -0.35 | 57 | Cryptocurrency | WLDR vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.39 | -0.38 | -0.38 | 68 | Inverse Equities, Leveraged Equities | WLDR vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.37 | -0.38 | -0.38 | 70 | Derivative Income | WLDR vs WNTR | |
| Invesco DB US Dollar Index Bullish Fund | -0.34 | -0.32 | -0.39 | 51 | Currency | WLDR vs UUP |
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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 CareTrust REIT, Inc. (CTRE) (Real Estate) with a 1Y correlation of 0.02, down from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CareTrust REIT, Inc. | 0.02 | 0.19 | 0.30 | 84 | Real Estate | |
| Dow Inc. | 0.07 | 0.28 | 0.44 | 51 | Basic Materials | |
| Delek Group Ltd | 0.14 | 0.16 | 0.15 | 70 | Energy | |
| Kenon Holdings Ltd. | 0.32 | 0.32 | 0.39 | 78 | Utilities | |
| Celestica Inc. | 0.49 | 0.51 | 0.56 | 85 | Technology |
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