Looking to diversify beyond WMAT.AS? The ETFs below have the lowest correlation with WMAT.AS — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from WMAT.AS.
Best Diversifiers for WMAT.AS
1 ETFs have low correlation with WMAT.AS (below 0.3), 0 of which are negatively correlated. The least correlated is SPDR Dow Jones Industrial Average ETF Trust (DIA.AS) (Large Cap Value Equities) with a 1Y correlation of 0.19, down from 0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Dow Jones Industrial Average ETF Trust | 0.19 | 0.27 | 0.41 | 77 | Large Cap Value Equities | WMAT.AS vs DIA.AS | |
| SPDR S&P U.S. Technology Select Sector UCITS ETF | 0.31 | 0.40 | 0.47 | 69 | Technology Equities | WMAT.AS vs SXLK.AS | |
| SPDR MSCI World Technology UCITS ETF | 0.33 | 0.40 | 0.48 | 66 | Technology Equities | WMAT.AS vs WTCH.AS | |
| SPDR MSCI World UCITS ETF | 0.56 | 0.64 | 0.69 | 68 | Global Equities | WMAT.AS vs SWRD.AS |
Diversification Analysis
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