Looking to balance out your exposure to WSO? The ETFs below have the lowest correlation with WSO — they tend to move on their own, which can help reduce risk when WSO drops. The stock ideas table highlights individual companies that behave independently from WSO.
Best Diversifiers for WSO
2 ETFs have low correlation with WSO (below 0.3), 0 of which are negatively correlated. The least correlated is SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) (Government Bonds) with a 1Y correlation of 0.00, roughly unchanged from -0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | 0.00 | -0.02 | -0.00 | 100 | Government Bonds, Ultrashort Bond | WSO vs BIL | |
| Invesco QQQ ETF | 0.29 | 0.42 | 0.49 | 73 | Nasdaq-100 | WSO vs QQQ | |
| Vanguard S&P 500 ETF | 0.40 | 0.51 | 0.57 | 70 | S&P 500 | WSO vs VOO | |
| State Street SPDR S&P 500 ETF | 0.40 | 0.52 | 0.57 | 70 | S&P 500 | WSO vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from WSO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to WSO and solid risk/return profiles. The least correlated is Coterra Energy Inc. (CTRA) (Energy) with a 1Y correlation of -0.05, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Coterra Energy Inc. | -0.05 | 0.15 | 0.17 | 79 | Energy | |
| CF Industries Holdings, Inc. | -0.04 | 0.06 | 0.11 | 60 | Basic Materials | |
| Cisco Systems, Inc. | 0.00 | 0.17 | 0.32 | 95 | Technology | |
| AbbVie Inc. | 0.03 | 0.13 | 0.17 | 62 | Healthcare | |
| NVIDIA Corporation | 0.04 | 0.21 | 0.31 | 78 | Technology |
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