Looking to balance out your exposure to WMT? The ETFs below have historically moved differently from WMT, 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 WMT
354 ETFs have low correlation with WMT (below 0.3), 216 of which are negatively correlated. The least correlated is ProShares Ultra Semiconductors (USD) (Leveraged Equities) with a 1Y correlation of -0.26, down from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Semiconductors | -0.26 | -0.03 | 0.08 | 58 | Leveraged Equities, Semiconductors | WMT vs USD | |
| Roundhill Generative AI & Technology ETF | -0.24 | 0.00 | — | 76 | Artificial Intelligence, Technology Equities | WMT vs CHAT | |
| iShares Global Tech ETF | -0.24 | 0.02 | 0.15 | 69 | Technology Equities | WMT vs IXN | |
| State Street Technology Select Sector SPDR ETF | -0.23 | 0.03 | 0.16 | 62 | Technology Equities | WMT vs XLK | |
| Fidelity MSCI Information Technology Index ETF | -0.23 | 0.03 | 0.16 | 61 | Technology Equities | WMT vs FTEC |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for WMT, 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 Credo Technology Group Holding Ltd (CRDO) (Technology) with a 1Y correlation of -0.27, down from 0.00 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Credo Technology Group Holding Ltd | -0.27 | -0.05 | 0.00 | 77 | Technology | |
| Grupo Financiero Galicia S.A. | -0.22 | -0.02 | 0.02 | 50 | Financial Services | |
| Broadcom Inc. | -0.21 | 0.01 | 0.10 | 68 | Technology | |
| NVIDIA Corporation | -0.21 | -0.02 | 0.08 | 61 | Technology | |
| Snowflake Inc. | -0.21 | 0.01 | 0.07 | 69 | Technology |
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Build a portfolio that complements WMT
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