Looking to balance out your exposure to WMS? The ETFs below have historically moved differently from WMS, 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 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 0.38, down from 0.52 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.38 | 0.46 | 0.52 | 54 | Nasdaq-100 | WMS vs QQQ | |
| Vanguard S&P 500 ETF | 0.50 | 0.56 | 0.59 | 72 | S&P 500 | WMS vs VOO | |
| State Street SPDR S&P 500 ETF | 0.51 | 0.56 | 0.59 | 71 | S&P 500 | WMS vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for WMS, 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 Permian Resources Corporation (PR) (Energy) with a 1Y correlation of -0.16, down from 0.16 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Permian Resources Corporation | -0.16 | 0.16 | — | 80 | Energy | |
| Essential Utilities, Inc. | 0.02 | 0.14 | 0.21 | 54 | Utilities | |
| Twilio Inc. | 0.07 | 0.26 | 0.33 | 74 | Technology | |
| Super Group (SGHC) Limited | 0.07 | 0.23 | 0.28 | 61 | Consumer Cyclical | |
| California Water Service Group | 0.08 | 0.20 | 0.21 | 55 | Utilities |
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