Looking to balance out your exposure to WM? The ETFs below have the lowest correlation with WM — they tend to move on their own, which can help reduce risk when WM drops. The stock ideas table highlights individual companies that behave independently from WM.
Best Diversifiers for WM
267 ETFs have low correlation with WM (below 0.3), 204 of which are negatively correlated. The least correlated is Direxion Daily MU Bull 2X Shares (MUU) (Leveraged Equities) with a 1Y correlation of -0.92, roughly unchanged from -0.92 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily MU Bull 2X Shares | -0.92 | -0.92 | -0.92 | 99 | Leveraged Equities, Semiconductors | WM vs MUU | |
| ProShares Ultra Semiconductors | -0.43 | -0.15 | 0.02 | 70 | Leveraged Equities, Semiconductors | WM vs USD | |
| Roundhill Generative AI & Technology ETF | -0.43 | -0.16 | — | 85 | Technology Equities | WM vs CHAT | |
| iShares Global Tech ETF | -0.41 | -0.10 | 0.11 | 71 | Technology Equities | WM vs IXN | |
| VistaShares Artificial Intelligence Supercycle ETF | -0.41 | — | — | 95 | Technology Equities | WM vs AIS |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from WM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to WM and solid risk/return profiles. The least correlated is Lam Research Corporation (LRCX) (Technology) with a 1Y correlation of -0.35, down from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Lam Research Corporation | -0.35 | -0.12 | 0.03 | 97 | Technology | |
| Advanced Micro Devices, Inc. | -0.35 | -0.12 | 0.01 | 97 | Technology | |
| Micron Technology, Inc. | -0.35 | -0.15 | -0.03 | 99 | Technology | |
| Credo Technology Group Holding Ltd | -0.34 | -0.10 | -0.03 | 83 | Technology | |
| Taiwan Semiconductor Manufacturing Company Limited | -0.33 | -0.12 | -0.01 | 92 | Technology |
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