Looking to balance out your exposure to WMS? The ETFs below have the lowest correlation with WMS — they tend to move on their own, which can help reduce risk when WMS drops. The stock ideas table highlights individual companies that behave independently from WMS.
Best Diversifiers for WMS
0 ETFs have low correlation with WMS (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.31, down from 0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.31 | 0.40 | 0.46 | 73 | Nasdaq-100 | WMS vs QQQ | |
| Vanguard S&P 500 ETF | 0.48 | 0.54 | 0.59 | 70 | S&P 500 | WMS vs VOO | |
| State Street SPDR S&P 500 ETF | 0.49 | 0.55 | 0.59 | 70 | S&P 500 | WMS vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from WMS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to WMS and solid risk/return profiles. The least correlated is Permian Resources Corporation (PR) (Energy) with a 1Y correlation of -0.02, down from 0.22 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Permian Resources Corporation | -0.02 | 0.22 | — | 81 | Energy | |
| Twilio Inc. | 0.08 | 0.26 | 0.34 | 81 | Communication Services | |
| Spire Inc. | 0.14 | 0.22 | 0.22 | 58 | Utilities | |
| Super Group (SGHC) Limited | 0.16 | 0.27 | 0.30 | 70 | Consumer Cyclical | |
| UnitedHealth Group Incorporated | 0.16 | 0.10 | 0.18 | 61 | Healthcare |
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