Looking to balance out your exposure to WOW? The ETFs below have the lowest correlation with WOW — they tend to move on their own, which can help reduce risk when WOW drops. The stock ideas table highlights individual companies that behave independently from WOW.
Best Diversifiers for WOW
1 ETFs have low correlation with WOW (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 0.19, down from 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.19 | 0.25 | 0.34 | 74 | S&P 500 | WOW vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from WOW, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to WOW and solid risk/return profiles. The least correlated is Hawkins, Inc. (HWKN) (Basic Materials) with a 1Y correlation of 0.01, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Hawkins, Inc. | 0.01 | 0.15 | 0.21 | 51 | Basic Materials |
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