Looking to diversify beyond WSGE? The ETFs below have the lowest correlation with WSGE — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from WSGE.
Best Diversifiers for WSGE
0 ETFs have low correlation with WSGE (below 0.3), 0 of which are negatively correlated. The least correlated is Cambria Foreign Shareholder Yield ETF (FYLD) (Global Equities) with a 1Y correlation of 0.57, roughly unchanged from 0.57 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Cambria Foreign Shareholder Yield ETF | 0.57 | 0.57 | 0.57 | 93 | Global Equities | WSGE vs FYLD | |
| WBI BullBear Yield 3000 ETF | 0.67 | 0.67 | 0.67 | 66 | Global Equities | WSGE vs WBIG | |
| WBI BullBear Value 3000 ETF | 0.70 | 0.70 | 0.70 | 62 | Global Equities | WSGE vs WBIF | |
| Invesco MSCI Global Climate 500 ETF | 0.98 | — | — | 61 | Global Equities | WSGE vs KLMT |
Diversification Analysis
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