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
226 ETFs have low correlation with WOOD (below 0.3), 27 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.44, down from -0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.44 | -0.26 | -0.20 | 61 | Leveraged Currency | WOOD vs YCS | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.19 | — | — | 98 | Inflation-Protected Bonds | WOOD vs IBIC | |
| WisdomTree Floating Rate Treasury Fund | -0.10 | -0.04 | -0.04 | 100 | Government Bonds, Ultrashort Bond | WOOD vs USFR | |
| TCW AAA CLO ETF | -0.10 | — | — | 99 | CLO | WOOD vs ACLO | |
| iShares Enhanced Short-Term Bond Active ETF | -0.10 | 0.02 | 0.02 | 99 | Ultrashort Bond | WOOD vs CSHP |
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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 0.30, roughly unchanged from 0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Equinix, Inc. | 0.30 | 0.34 | 0.38 | 71 | Real Estate | |
| Prologis, Inc. | 0.48 | 0.46 | 0.45 | 88 | Real Estate |
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