Looking to balance out your exposure to WST? The ETFs below have historically moved differently from WST, 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 WST
3 ETFs have low correlation with WST (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Semiconductor ETF (SOXX) (Semiconductors) with a 1Y correlation of 0.22, down from 0.36 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Semiconductor ETF | 0.22 | 0.24 | 0.36 | 90 | Semiconductors, Technology Equities | WST vs SOXX | |
| Vanguard S&P 500 ETF | 0.28 | 0.35 | 0.48 | 68 | S&P 500 | WST vs VOO | |
| State Street SPDR S&P 500 ETF | 0.28 | 0.35 | 0.47 | 67 | S&P 500 | WST vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for WST, 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 Cheniere Energy, Inc. (LNG) (Energy) with a 1Y correlation of -0.09, down from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cheniere Energy, Inc. | -0.09 | 0.01 | 0.08 | 57 | Energy | |
| CVR Partners, LP | -0.07 | 0.03 | 0.09 | 82 | Basic Materials | |
| Occidental Petroleum Corporation | -0.03 | 0.04 | 0.11 | 70 | Energy | |
| Targa Resources Corp. | -0.02 | 0.06 | 0.14 | 93 | Energy | |
| MPLX LP | -0.02 | 0.08 | 0.13 | 79 | Energy |
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