Looking to balance out your exposure to WLKP? The ETFs below have the lowest correlation with WLKP — they tend to move on their own, which can help reduce risk when WLKP drops. The stock ideas table highlights individual companies that behave independently from WLKP.
Best Diversifiers for WLKP
1 ETFs have low correlation with WLKP (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 0.18, down from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.18 | 0.23 | 0.29 | 66 | S&P 500 | WLKP vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from WLKP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to WLKP and solid risk/return profiles. The least correlated is Enterprise Products Partners L.P. (EPD) (Energy) with a 1Y correlation of 0.08, down from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Enterprise Products Partners L.P. | 0.08 | 0.16 | 0.32 | 87 | Energy | |
| Air Products and Chemicals, Inc. | 0.17 | 0.21 | 0.26 | 51 | Basic Materials |
Build a portfolio that complements WLKP
Add WLKP to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with WLKP