Looking to balance out your exposure to WRB? The ETFs below have historically moved differently from WRB, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for WRB
41 ETFs have low correlation with WRB (below 0.3), 31 of which are negatively correlated. The least correlated is iShares Semiconductor ETF (SOXX) (Semiconductors) with a 1Y correlation of -0.33, down from 0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Semiconductor ETF | -0.33 | -0.13 | 0.04 | 90 | Semiconductors, Technology Equities | WRB vs SOXX | |
| Direxion Daily Semiconductor Bull 3X ETF | -0.33 | -0.13 | 0.04 | 91 | Leveraged Equities, Semiconductors | WRB vs SOXL | |
| VanEck Semiconductor ETF | -0.33 | -0.13 | 0.03 | 88 | Semiconductors, Technology Equities | WRB vs SMH | |
| State Street Technology Select Sector SPDR ETF | -0.32 | -0.09 | 0.08 | 62 | Technology Equities | WRB vs XLK | |
| Direxion Daily Technology Bull 3X Shares | -0.32 | -0.09 | 0.08 | 52 | Leveraged Equities, Technology Equities | WRB vs TECL |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for WRB, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Celestica Inc. (CLS) (Technology) with a 1Y correlation of -0.33, down from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Celestica Inc. | -0.33 | -0.10 | 0.06 | 76 | Technology | |
| Flex Ltd. | -0.32 | -0.09 | 0.11 | 92 | Technology | |
| Advanced Micro Devices, Inc. | -0.32 | -0.13 | -0.01 | 94 | Technology | |
| Broadcom Inc. | -0.31 | -0.12 | 0.04 | 68 | Technology | |
| Silicon Motion Technology Corporation | -0.30 | -0.11 | -0.02 | 97 | Technology |
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