Looking to balance out your exposure to WRDLY? The ETFs below have the lowest correlation with WRDLY — they tend to move on their own, which can help reduce risk when WRDLY drops. The stock ideas table highlights individual companies that behave independently from WRDLY.
Best Diversifiers for WRDLY
2 ETFs have low correlation with WRDLY (below 0.3), 1 of which are negatively correlated. The least correlated is Breakwave Tanker Shipping ETF (BWET) (Commodities) with a 1Y correlation of -0.01, roughly unchanged from -0.03 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Breakwave Tanker Shipping ETF | -0.01 | -0.03 | — | 99 | Commodities | WRDLY vs BWET | |
| Direxion Daily MU Bull 2X Shares | 0.01 | — | — | 98 | Leveraged Equities, Semiconductors | WRDLY vs MUU |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from WRDLY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to WRDLY and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Sandisk Corporation | 0.01 | — | — | 100 | Technology |
Build a portfolio that complements WRDLY
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