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
316 ETFs have low correlation with WMT (below 0.3), 159 of which are negatively correlated. The least correlated is ProShares Ultra Semiconductors (USD) (Leveraged Equities) with a 1Y correlation of -0.19, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Semiconductors | -0.19 | 0.02 | 0.11 | 90 | Leveraged Equities, Semiconductors | WMT vs USD | |
| YieldMax NVDA Option Income Strategy ETF | -0.18 | 0.01 | 0.00 | 52 | Derivative Income, Options Trading | WMT vs NVDY | |
| REX FANG & Innovation Equity Premium Income ETF | -0.17 | 0.08 | 0.08 | 54 | Technology Equities | WMT vs FEPI | |
| ARK Autonomous Technology & Robotics ETF | -0.16 | 0.09 | 0.16 | 62 | Technology Equities, Robotics | WMT vs ARKQ | |
| Vanguard Information Technology ETF | -0.16 | 0.08 | 0.19 | 76 | Technology Equities | WMT vs VGT |
To view more results, upgrade your current subscription plan.
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 Oracle Corporation (ORCL) (Technology) with a 1Y correlation of -0.22, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Oracle Corporation | -0.22 | 0.03 | 0.16 | 58 | Technology | |
| NVIDIA Corporation | -0.19 | 0.01 | 0.09 | 78 | Technology | |
| Credo Technology Group Holding Ltd | -0.18 | -0.01 | 0.04 | 85 | Technology | |
| Reddit, Inc. | -0.18 | -0.01 | -0.01 | 62 | Communication Services | |
| Talen Energy Corporation | -0.18 | 0.06 | 0.06 | 67 | Utilities |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements WMT
Add WMT to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with WMT