Looking to balance out your exposure to WLK? The ETFs below have the lowest correlation with WLK — they tend to move on their own, which can help reduce risk when WLK drops. The stock ideas table highlights individual companies that behave independently from WLK.
Best Diversifiers for WLK
1 ETFs have low correlation with WLK (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.25, down from 0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.25 | 0.39 | 0.45 | 74 | S&P 500 | WLK vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from WLK, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to WLK and solid risk/return profiles. The least correlated is MSCI Inc. (MSCI) (Financial Services) with a 1Y correlation of 0.17, down from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| MSCI Inc. | 0.17 | 0.25 | 0.28 | 53 | Financial Services | |
| Nexstar Media Group, Inc. | 0.28 | 0.40 | 0.43 | 52 | Communication Services | |
| Albemarle Corporation | 0.30 | 0.40 | 0.44 | 92 | Basic Materials | |
| Corteva, Inc. | 0.38 | 0.45 | 0.49 | 51 | Basic Materials | |
| DuPont de Nemours, Inc. | 0.45 | 0.57 | 0.61 | 90 | Basic Materials |
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