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
296 ETFs have low correlation with WM (below 0.3), 219 of which are negatively correlated. The least correlated is Roundhill Generative AI & Technology ETF (CHAT) (Technology Equities) with a 1Y correlation of -0.35, down from -0.12 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Roundhill Generative AI & Technology ETF | -0.35 | -0.12 | — | 94 | Technology Equities | WM vs CHAT | |
| ProShares Ultra Semiconductors | -0.34 | -0.10 | 0.05 | 89 | Leveraged Equities, Semiconductors | WM vs USD | |
| iShares Global Tech ETF | -0.31 | -0.03 | 0.15 | 88 | Technology Equities | WM vs IXN | |
| Direxion Daily Semiconductor Bull 3X ETF | -0.29 | -0.06 | 0.07 | 97 | Leveraged Equities, Semiconductors | WM vs SOXL | |
| Vanguard Information Technology ETF | -0.29 | -0.02 | 0.16 | 76 | Technology Equities | WM vs VGT |
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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 Advanced Micro Devices, Inc. (AMD) (Technology) with a 1Y correlation of -0.30, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Advanced Micro Devices, Inc. | -0.30 | -0.08 | 0.04 | 97 | Technology | |
| NVIDIA Corporation | -0.29 | -0.08 | 0.04 | 80 | Technology | |
| Teradyne, Inc. | -0.28 | -0.06 | 0.07 | 98 | Technology | |
| KLA Corporation | -0.28 | -0.05 | 0.08 | 95 | Technology | |
| Lam Research Corporation | -0.28 | -0.08 | 0.05 | 98 | Technology |
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