Looking to balance out your exposure to WSR? The ETFs below have the lowest correlation with WSR — they tend to move on their own, which can help reduce risk when WSR drops. The stock ideas table highlights individual companies that behave independently from WSR.
Best Diversifiers for WSR
2 ETFs have low correlation with WSR (below 0.3), 0 of which are negatively correlated. The least correlated is State Street Technology Select Sector SPDR ETF (XLK) (Technology Equities) with a 1Y correlation of 0.03, down from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Technology Select Sector SPDR ETF | 0.03 | 0.15 | 0.26 | 83 | Technology Equities | WSR vs XLK | |
| State Street SPDR S&P 500 ETF | 0.15 | 0.30 | 0.39 | 70 | S&P 500 | WSR vs SPY | |
| Schwab U.S. Dividend Equity ETF | 0.34 | 0.48 | 0.53 | 80 | Dividend | WSR vs SCHD |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from WSR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to WSR and solid risk/return profiles. The least correlated is Physicians Realty Trust (DOC) (Real Estate) with a 1Y correlation of 0.33, down from 0.51 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Physicians Realty Trust | 0.33 | 0.46 | 0.51 | 61 | Real Estate |
Build a portfolio that complements WSR
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