Looking to balance out your exposure to WRB? The ETFs below have the lowest correlation with WRB — they tend to move on their own, which can help reduce risk when WRB drops. The stock ideas table highlights individual companies that behave independently from WRB.
Best Diversifiers for WRB
33 ETFs have low correlation with WRB (below 0.3), 19 of which are negatively correlated. The least correlated is iShares Semiconductor ETF (SOXX) (Semiconductors) with a 1Y correlation of -0.26, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Semiconductor ETF | -0.26 | -0.09 | 0.07 | 97 | Semiconductors, Technology Equities | WRB vs SOXX | |
| Direxion Daily Semiconductor Bull 3X ETF | -0.26 | -0.09 | 0.07 | 97 | Leveraged Equities, Semiconductors | WRB vs SOXL | |
| VanEck Semiconductor ETF | -0.25 | -0.09 | 0.07 | 96 | Semiconductors, Technology Equities | WRB vs SMH | |
| State Street Technology Select Sector SPDR ETF | -0.21 | -0.05 | 0.11 | 83 | Technology Equities | WRB vs XLK | |
| Direxion Daily Technology Bull 3X Shares | -0.21 | -0.05 | 0.11 | 85 | Leveraged Equities, Technology Equities | WRB vs TECL |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from WRB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to WRB and solid risk/return profiles. The least correlated is Advanced Micro Devices, Inc. (AMD) (Technology) with a 1Y correlation of -0.27, down from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Advanced Micro Devices, Inc. | -0.27 | -0.11 | 0.01 | 98 | Technology | |
| ASML Holding N.V. | -0.27 | -0.10 | 0.05 | 94 | Technology | |
| Celestica Inc. | -0.25 | -0.07 | 0.09 | 94 | Technology | |
| Taiwan Semiconductor Manufacturing Company Limited | -0.24 | -0.11 | 0.01 | 95 | Technology | |
| NVIDIA Corporation | -0.24 | -0.10 | 0.03 | 78 | Technology |
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