Looking to balance out your exposure to WM? The ETFs below have historically moved differently from WM, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for WM
278 ETFs have low correlation with WM (below 0.3), 216 of which are negatively correlated. The least correlated is Roundhill Generative AI & Technology ETF (CHAT) (Artificial Intelligence) with a 1Y correlation of -0.45, down from -0.17 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Roundhill Generative AI & Technology ETF | -0.45 | -0.17 | — | 66 | Artificial Intelligence, Technology Equities | WM vs CHAT | |
| ProShares Ultra Semiconductors | -0.44 | -0.15 | 0.02 | 52 | Leveraged Equities, Semiconductors | WM vs USD | |
| Invesco AI and Next Gen Software ETF | -0.43 | -0.12 | 0.05 | 80 | Artificial Intelligence, Technology Equities | WM vs IGPT | |
| VistaShares Artificial Intelligence Supercycle ETF | -0.42 | — | — | 87 | Artificial Intelligence, Technology Equities | WM vs AIS | |
| Xtrackers Artificial Intelligence and Big Data ETF | -0.41 | — | — | 60 | Artificial Intelligence, Technology Equities | WM vs XAIX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for WM, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Micron Technology, Inc. (MU) (Technology) with a 1Y correlation of -0.37, down from -0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Micron Technology, Inc. | -0.37 | -0.16 | -0.05 | 99 | Technology | |
| Advanced Micro Devices, Inc. | -0.37 | -0.13 | 0.01 | 94 | Technology | |
| Western Digital Corporation | -0.36 | -0.16 | -0.02 | 99 | Technology | |
| Teradyne, Inc. | -0.36 | -0.12 | 0.03 | 96 | Technology | |
| Lam Research Corporation | -0.35 | -0.13 | 0.02 | 96 | Technology |
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