Looking to balance out your exposure to WOOF? The ETFs below have the lowest correlation with WOOF — they tend to move on their own, which can help reduce risk when WOOF drops. The stock ideas table highlights individual companies that behave independently from WOOF.
Best Diversifiers for WOOF
0 ETFs have low correlation with WOOF (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.35, roughly unchanged from 0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.35 | 0.33 | 0.41 | 70 | S&P 500 | WOOF vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from WOOF, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to WOOF and solid risk/return profiles. The least correlated is Neogen Corporation (NEOG) (Healthcare) with a 1Y correlation of 0.26, roughly unchanged from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Neogen Corporation | 0.26 | 0.29 | 0.32 | 68 | Healthcare |
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