Looking to diversify beyond WOOD? The ETFs below have the lowest correlation with WOOD — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from WOOD.
Best Diversifiers for WOOD
254 ETFs have low correlation with WOOD (below 0.3), 40 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.42, down from -0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.42 | -0.26 | -0.20 | 75 | Leveraged Currency | WOOD vs YCS | |
| United States Gasoline Fund LP | -0.26 | -0.02 | 0.10 | 72 | Oil & Gas | WOOD vs UGA | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.21 | — | — | 60 | Inverse Equities, Leveraged Equities | WOOD vs MSTZ | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.20 | — | — | 97 | Inflation-Protected Bonds | WOOD vs RBIL | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.19 | — | — | 65 | Derivative Income | WOOD vs WNTR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from WOOD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to WOOD and solid risk/return profiles. The least correlated is Equinix, Inc. (EQIX) (Real Estate) with a 1Y correlation of 0.28, down from 0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Equinix, Inc. | 0.28 | 0.33 | 0.38 | 88 | Real Estate | |
| Prologis, Inc. | 0.44 | 0.45 | 0.45 | 86 | Real Estate |
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