Looking to balance out your exposure to WST? The ETFs below have the lowest correlation with WST — they tend to move on their own, which can help reduce risk when WST drops. The stock ideas table highlights individual companies that behave independently from WST.
Best Diversifiers for WST
1 ETFs have low correlation with WST (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.30, down from 0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.30 | 0.33 | 0.42 | 70 | S&P 500 | WST vs VOO | |
| State Street SPDR S&P 500 ETF | 0.33 | 0.36 | 0.48 | 70 | S&P 500 | WST vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from WST, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to WST and solid risk/return profiles. The least correlated is CVR Partners, LP (UAN) (Basic Materials) with a 1Y correlation of -0.11, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CVR Partners, LP | -0.11 | 0.03 | 0.08 | 84 | Basic Materials | |
| Coca-Cola Consolidated, Inc. | 0.02 | 0.08 | 0.16 | 80 | Consumer Defensive | |
| The Coca-Cola Company | 0.03 | 0.08 | 0.18 | 66 | Consumer Defensive | |
| Kinross Gold Corporation | 0.05 | 0.13 | 0.17 | 79 | Basic Materials | |
| Walmart Inc. | 0.06 | 0.11 | 0.19 | 63 | Consumer Defensive |
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