Looking to balance out your exposure to WMB? The ETFs below have the lowest correlation with WMB — they tend to move on their own, which can help reduce risk when WMB drops. The stock ideas table highlights individual companies that behave independently from WMB.
Best Diversifiers for WMB
26 ETFs have low correlation with WMB (below 0.3), 9 of which are negatively correlated. The least correlated is iShares iBonds Dec 2028 Term Corporate ETF (IBDT) (Corporate Bonds) with a 1Y correlation of -0.05, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares iBonds Dec 2028 Term Corporate ETF | -0.05 | 0.11 | 0.09 | 88 | Corporate Bonds | WMB vs IBDT | |
| Vanguard Information Technology ETF | -0.05 | 0.13 | 0.22 | 76 | Technology Equities | WMB vs VGT | |
| iShares iBonds Dec 2028 Term Treasury ETF | -0.04 | 0.01 | -0.01 | 66 | Government Bonds | WMB vs IBTI | |
| Invesco QQQ ETF | -0.04 | 0.14 | 0.22 | 73 | Nasdaq-100 | WMB vs QQQ | |
| State Street Technology Select Sector SPDR ETF | -0.03 | 0.14 | 0.22 | 83 | Technology Equities | WMB vs XLK |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from WMB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to WMB and solid risk/return profiles. The least correlated is Cadence Design Systems, Inc. (CDNS) (Technology) with a 1Y correlation of -0.12, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cadence Design Systems, Inc. | -0.12 | 0.08 | 0.14 | 68 | Technology | |
| Illumina, Inc. | -0.11 | 0.07 | 0.13 | 88 | Healthcare | |
| Amazon.com, Inc | -0.10 | 0.05 | 0.10 | 60 | Consumer Cyclical | |
| United Parcel Service, Inc. | -0.09 | 0.12 | 0.22 | 57 | Industrials | |
| Williams-Sonoma, Inc. | -0.08 | 0.13 | 0.19 | 65 | Consumer Cyclical |
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