Looking to balance out your exposure to WPP? The ETFs below have the lowest correlation with WPP — they tend to move on their own, which can help reduce risk when WPP drops. The stock ideas table highlights individual companies that behave independently from WPP.
Best Diversifiers for WPP
2 ETFs have low correlation with WPP (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.28, down from 0.51 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.28 | 0.38 | 0.51 | 74 | S&P 500 | WPP vs VOO | |
| Vanguard Total Stock Market ETF | 0.30 | 0.40 | 0.53 | 73 | Large Cap Blend Equities | WPP vs VTI |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from WPP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to WPP and solid risk/return profiles. The least correlated is nVent Electric plc (NVT) (Industrials) with a 1Y correlation of 0.06, down from 0.39 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| nVent Electric plc | 0.06 | 0.25 | 0.39 | 97 | Industrials | |
| Exxon Mobil Corporation | 0.11 | 0.13 | 0.21 | 86 | Energy | |
| Shell plc | 0.12 | 0.19 | 0.29 | 81 | Energy | |
| GlaxoSmithKline plc | 0.12 | 0.20 | 0.25 | 71 | Healthcare | |
| AstraZeneca PLC | 0.13 | 0.21 | 0.22 | 73 | Healthcare |
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