Looking to diversify beyond WOOD? The ETFs below have historically moved differently from WOOD, 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 WOOD
306 ETFs have low correlation with WOOD (below 0.3), 73 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.39, down from -0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.39 | -0.25 | -0.21 | 56 | Leveraged Currency | WOOD vs YCS | |
| Invesco DB Energy Fund | -0.31 | -0.05 | 0.10 | 72 | Oil & Gas | WOOD vs DBE | |
| United States Brent Oil Fund LP | -0.28 | -0.05 | 0.08 | 52 | Oil & Gas | WOOD vs BNO | |
| United States Oil Fund LP | -0.28 | -0.05 | 0.09 | 55 | Oil & Gas | WOOD vs USO | |
| United States Gasoline Fund LP | -0.28 | -0.04 | 0.08 | 87 | Oil & Gas | WOOD vs UGA |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for WOOD, 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 Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of 0.22, down from 0.44 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | 0.22 | 0.32 | 0.44 | 61 | Financial Services | |
| Equinix, Inc. | 0.26 | 0.33 | 0.39 | 82 | Real Estate | |
| Prologis, Inc. | 0.41 | 0.45 | 0.45 | 90 | Real Estate |
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