Looking to balance out your exposure to WRTBY? The ETFs below have the lowest correlation with WRTBY — they tend to move on their own, which can help reduce risk when WRTBY drops. The stock ideas table highlights individual companies that behave independently from WRTBY.
Best Diversifiers for WRTBY
1 ETFs have low correlation with WRTBY (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.27, up from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.27 | 0.16 | 0.13 | 74 | S&P 500 | WRTBY vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from WRTBY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to WRTBY and solid risk/return profiles. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.06, roughly unchanged from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.06 | -0.00 | 0.04 | 86 | Energy | |
| Marathon Petroleum Corporation | -0.02 | 0.02 | 0.03 | 88 | Energy | |
| Quanta Services, Inc. | 0.29 | 0.22 | 0.16 | 94 | Industrials |
Build a portfolio that complements WRTBY
Add WRTBY to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with WRTBY