Looking to balance out your exposure to WRN? The ETFs below have the lowest correlation with WRN — they tend to move on their own, which can help reduce risk when WRN drops. The stock ideas table highlights individual companies that behave independently from WRN.
Best Diversifiers for WRN
0 ETFs have low correlation with WRN (below 0.3), 0 of which are negatively correlated. The least correlated is VanEck Vectors Rare Earth/Strategic Metals ETF (REMX) (Materials) with a 1Y correlation of 0.51, roughly unchanged from 0.43 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Vectors Rare Earth/Strategic Metals ETF | 0.51 | 0.42 | 0.43 | 86 | Materials | WRN vs REMX | |
| Global X Copper Miners ETF | 0.64 | 0.51 | 0.54 | 77 | Materials | WRN vs COPX |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from WRN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to WRN and solid risk/return profiles. The least correlated is Planet Labs PBC (PL) (Industrials) with a 1Y correlation of 0.26, roughly unchanged from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Planet Labs PBC | 0.26 | 0.20 | 0.19 | 99 | Industrials | |
| Astronics Corporation | 0.36 | 0.26 | 0.25 | 94 | Industrials | |
| Hycroft Mining Holding Corporation | 0.52 | 0.36 | 0.32 | 97 | Basic Materials | |
| Southern Copper Corporation | 0.58 | 0.45 | 0.48 | 89 | Basic Materials | |
| Taseko Mines Limited | 0.59 | 0.48 | 0.48 | 92 | Basic Materials |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements WRN
Add WRN to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with WRN