Looking to balance out your exposure to WMT? The ETFs below have the lowest correlation with WMT — they tend to move on their own, which can help reduce risk when WMT drops. The stock ideas table highlights individual companies that behave independently from WMT.
Best Diversifiers for WMT
308 ETFs have low correlation with WMT (below 0.3), 179 of which are negatively correlated. The least correlated is Direxion Daily MU Bull 2X Shares (MUU) (Leveraged Equities) with a 1Y correlation of -0.48, roughly unchanged from -0.48 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily MU Bull 2X Shares | -0.48 | -0.48 | -0.48 | 99 | Leveraged Equities, Semiconductors | WMT vs MUU | |
| ProShares Ultra Semiconductors | -0.23 | -0.02 | 0.09 | 70 | Leveraged Equities, Semiconductors | WMT vs USD | |
| Fidelity MSCI Information Technology Index ETF | -0.21 | 0.04 | 0.17 | 58 | Technology Equities | WMT vs FTEC | |
| Direxion Daily Technology Bull 3X Shares | -0.21 | 0.04 | 0.17 | 56 | Leveraged Equities, Technology Equities | WMT vs TECL | |
| Vanguard Information Technology ETF | -0.21 | 0.04 | 0.17 | 57 | Technology Equities | WMT vs VGT |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from WMT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to WMT and solid risk/return profiles. The least correlated is Credo Technology Group Holding Ltd (CRDO) (Technology) with a 1Y correlation of -0.22, down from -0.03 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Credo Technology Group Holding Ltd | -0.22 | -0.03 | — | 83 | Technology | |
| Reddit, Inc. | -0.22 | — | — | 62 | Communication Services | |
| CrowdStrike Holdings, Inc. | -0.20 | 0.02 | 0.09 | 77 | Technology | |
| Talen Energy Corporation | -0.20 | 0.05 | 0.05 | 69 | Utilities | |
| Grupo Financiero Galicia S.A. | -0.20 | -0.01 | 0.03 | 55 | Financial Services |
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Build a portfolio that complements WMT
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