Looking to balance out your exposure to WSR? The ETFs below have historically moved differently from WSR, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for WSR
4 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 0.04, down from 0.25 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Technology Select Sector SPDR ETF | 0.04 | 0.15 | 0.25 | 61 | Technology Equities | WSR vs XLK | |
| State Street SPDR S&P 500 ETF | 0.13 | 0.29 | 0.38 | 72 | S&P 500 | WSR vs SPY | |
| Capital Group Dividend Value ETF | 0.20 | 0.36 | — | 82 | Large Cap Value Equities, Dividend | WSR vs CGDV | |
| Schwab U.S. Dividend Equity ETF | 0.27 | 0.46 | 0.51 | 95 | Dividend | WSR vs SCHD |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for WSR, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Capital Southwest Corporation (CSWC) (Financial Services) with a 1Y correlation of 0.16, down from 0.36 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Capital Southwest Corporation | 0.16 | 0.27 | 0.36 | 75 | Financial Services | |
| Realty Income Corporation | 0.24 | 0.42 | 0.50 | 69 | Real Estate | |
| Physicians Realty Trust | 0.25 | 0.43 | 0.50 | 80 | Real Estate |
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