Looking to balance out your exposure to WSM? The ETFs below have the lowest correlation with WSM — they tend to move on their own, which can help reduce risk when WSM drops. The stock ideas table highlights individual companies that behave independently from WSM.
Best Diversifiers for WSM
4 ETFs have low correlation with WSM (below 0.3), 1 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.09, roughly unchanged from -0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.09 | 0.02 | -0.00 | 100 | Ultrashort Bond | WSM vs SGOV | |
| ProShares High Yield-Interest Rate Hedged | 0.10 | 0.21 | 0.33 | 57 | High Yield Bonds | WSM vs HYHG | |
| ProShares Ultra Semiconductors | 0.22 | 0.35 | 0.43 | 82 | Leveraged Equities, Semiconductors | WSM vs USD | |
| Alger Concentrated Equity ETF | 0.28 | — | — | 50 | Large Cap Growth Equities | WSM vs CNEQ | |
| Vanguard S&P 500 ETF | 0.44 | 0.50 | 0.54 | 59 | S&P 500 | WSM vs VOO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from WSM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to WSM and solid risk/return profiles. The least correlated is Cboe Global Markets, Inc. (CBOE) (Financial Services) with a 1Y correlation of -0.12, down from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cboe Global Markets, Inc. | -0.12 | -0.16 | 0.02 | 55 | Financial Services | |
| Plains All American Pipeline, L.P. | -0.11 | 0.14 | 0.23 | 80 | Energy | |
| Exxon Mobil Corporation | -0.09 | 0.06 | 0.15 | 72 | Energy | |
| Altria Group, Inc. | -0.08 | 0.01 | 0.08 | 72 | Consumer Defensive | |
| Chevron Corporation | -0.07 | 0.07 | 0.14 | 70 | Energy |
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