Looking to balance out your exposure to WSC? The ETFs below have the lowest correlation with WSC — they tend to move on their own, which can help reduce risk when WSC drops. The stock ideas table highlights individual companies that behave independently from WSC.
Best Diversifiers for WSC
0 ETFs have low correlation with WSC (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.41, roughly unchanged from 0.47 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.41 | 0.41 | 0.47 | 74 | Nasdaq-100 | WSC vs QQQ | |
| Vanguard S&P 500 ETF | 0.49 | 0.49 | 0.55 | 74 | S&P 500 | WSC vs VOO | |
| State Street SPDR S&P 500 ETF | 0.50 | 0.49 | 0.55 | 74 | S&P 500 | WSC vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from WSC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to WSC and solid risk/return profiles. The least correlated is EOG Resources, Inc. (EOG) (Energy) with a 1Y correlation of 0.04, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| EOG Resources, Inc. | 0.04 | 0.14 | 0.22 | 71 | Energy | |
| The Hershey Company | 0.08 | 0.05 | 0.09 | 58 | Consumer Defensive | |
| United Therapeutics Corporation | 0.09 | 0.15 | 0.16 | 86 | Healthcare | |
| Lockheed Martin Corporation | 0.09 | 0.08 | 0.15 | 51 | Industrials | |
| Cisco Systems, Inc. | 0.12 | 0.21 | 0.30 | 96 | Technology |
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