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
183 ETFs have low correlation with WPM (below 0.3), 7 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.20, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.20 | -0.00 | 0.08 | 66 | Oil & Gas | WPM vs USO | |
| ProShares Ultra Bloomberg Crude Oil | -0.16 | 0.02 | 0.10 | 54 | Leveraged Commodities | WPM vs UCO | |
| State Street Energy Select Sector SPDR ETF | -0.06 | 0.08 | 0.18 | 63 | Energy Equities | WPM vs XLE | |
| Vanguard Energy ETF | -0.05 | 0.09 | 0.19 | 64 | Energy Equities | WPM vs VDE | |
| SGI Enhanced Core ETF | -0.04 | — | — | 94 | Intermediate Core Bond | WPM vs USDX |
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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 Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.08, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.08 | 0.05 | 0.15 | 85 | Energy | |
| ConocoPhillips Company | -0.08 | 0.02 | 0.13 | 76 | Energy | |
| Chevron Corporation | -0.07 | 0.04 | 0.16 | 83 | Energy | |
| Enterprise Products Partners L.P. | -0.07 | 0.09 | 0.19 | 85 | Energy | |
| Aurubis AG ADR | -0.06 | 0.03 | 0.02 | 99 | Industrials |
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