Looking to balance out your exposure to WPM? The ETFs below have the lowest correlation with WPM — they tend to move on their own, which can help reduce risk when WPM drops. The stock ideas table highlights individual companies that behave independently from WPM.
Best Diversifiers for WPM
109 ETFs have low correlation with WPM (below 0.3), 6 of which are negatively correlated. The least correlated is Alerian MLP ETF (AMLP) (MLPs) with a 1Y correlation of -0.07, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Alerian MLP ETF | -0.07 | 0.11 | 0.20 | 56 | MLPs | WPM vs AMLP | |
| State Street Energy Select Sector SPDR ETF | -0.06 | 0.06 | 0.17 | 59 | Energy Equities | WPM vs XLE | |
| Fidelity MSCI Energy Index ETF | -0.06 | 0.07 | 0.18 | 60 | Energy Equities | WPM vs FENY | |
| Vanguard Energy ETF | -0.05 | 0.07 | 0.18 | 60 | Energy Equities | WPM vs VDE | |
| Global X MLP & Energy Infrastructure ETF | -0.03 | 0.16 | 0.25 | 75 | MLPs | WPM vs MLPX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from WPM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to WPM and solid risk/return profiles. The least correlated is Vista Oil & Gas, S.A.B. de C.V. (VIST) (Energy) with a 1Y correlation of -0.16, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Vista Oil & Gas, S.A.B. de C.V. | -0.16 | 0.05 | 0.14 | 70 | Energy | |
| Cheniere Energy, Inc. | -0.15 | 0.06 | 0.12 | 57 | Energy | |
| Devon Energy Corporation | -0.10 | 0.03 | 0.12 | 76 | Energy | |
| ONEOK, Inc. | -0.10 | 0.06 | 0.18 | 68 | Energy | |
| ConocoPhillips Company | -0.09 | 0.01 | 0.12 | 69 | Energy |
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Build a portfolio that complements WPM
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