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
3 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 -0.11, down 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 | -0.11 | 0.03 | 0.00 | 100 | Ultrashort Bond | WSM vs SGOV | |
| ProShares Ultra Semiconductors | 0.24 | 0.35 | 0.43 | 90 | Leveraged Equities, Semiconductors | WSM vs USD | |
| Alger Concentrated Equity ETF | 0.27 | 0.41 | 0.41 | 57 | Large Cap Growth Equities | WSM vs CNEQ | |
| ProShares UltraPro S&P 500 | 0.38 | 0.47 | 0.49 | 62 | Leveraged Equities, S&P 500 | WSM vs UPRO | |
| Schwab U.S. Dividend Equity ETF | 0.42 | 0.44 | 0.48 | 80 | Dividend | WSM vs SCHD |
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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 Coterra Energy Inc. (CTRA) (Energy) with a 1Y correlation of -0.13, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Coterra Energy Inc. | -0.13 | 0.14 | 0.18 | 79 | Energy | |
| Cboe Global Markets, Inc. | -0.12 | -0.16 | 0.02 | 68 | Financial Services | |
| CF Industries Holdings, Inc. | -0.10 | 0.10 | 0.15 | 60 | Basic Materials | |
| Altria Group, Inc. | -0.10 | 0.02 | 0.09 | 69 | Consumer Defensive | |
| The Williams Companies, Inc. | -0.08 | 0.13 | 0.19 | 66 | Energy |
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