Looking to balance out your exposure to WSO-B? The ETFs below have the lowest correlation with WSO-B — they tend to move on their own, which can help reduce risk when WSO-B drops. The stock ideas table highlights individual companies that behave independently from WSO-B.
Best Diversifiers for WSO-B
2 ETFs have low correlation with WSO-B (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco RAFI US 1000 ETF (PRF) (Large Cap Value Equities) with a 1Y correlation of 0.01, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco RAFI US 1000 ETF | 0.01 | 0.07 | 0.08 | 93 | Large Cap Value Equities | WSO-B vs PRF | |
| iShares Global Tech ETF | 0.03 | 0.06 | 0.06 | 59 | Technology Equities | WSO-B vs IXN |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from WSO-B, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to WSO-B and solid risk/return profiles. The least correlated is Coca-Cola Consolidated, Inc. (COKE) (Consumer Defensive) with a 1Y correlation of -0.11, down from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Coca-Cola Consolidated, Inc. | -0.11 | 0.00 | 0.03 | 84 | Consumer Defensive | |
| Northeast Bank | -0.08 | 0.01 | 0.02 | 73 | Financial Services | |
| Franco-Nevada Corporation | -0.06 | 0.01 | 0.03 | 67 | Basic Materials | |
| Steel Dynamics, Inc. | -0.05 | 0.04 | 0.05 | 91 | Basic Materials | |
| Jabil Inc. | -0.04 | 0.02 | 0.03 | 71 | Technology |
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