Looking to balance out your exposure to WT? The ETFs below have the lowest correlation with WT — they tend to move on their own, which can help reduce risk when WT drops. The stock ideas table highlights individual companies that behave independently from WT.
Best Diversifiers for WT
2 ETFs have low correlation with WT (below 0.3), 0 of which are negatively correlated. The least correlated is Schwab Municipal Bond ETF (SCMB) (Municipal Bonds) with a 1Y correlation of 0.16, roughly unchanged from 0.10 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab Municipal Bond ETF | 0.16 | 0.10 | — | 64 | Municipal Bonds | WT vs SCMB | |
| Schwab U.S. Dividend Equity ETF | 0.27 | 0.34 | 0.44 | 80 | Dividend | WT vs SCHD | |
| Vanguard S&P 500 ETF | 0.50 | 0.44 | 0.50 | 70 | S&P 500 | WT vs VOO | |
| State Street SPDR S&P 500 ETF | 0.50 | 0.44 | 0.50 | 70 | S&P 500 | WT vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from WT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to WT and solid risk/return profiles. The least correlated is AbbVie Inc. (ABBV) (Healthcare) with a 1Y correlation of 0.04, roughly unchanged from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AbbVie Inc. | 0.04 | 0.07 | 0.11 | 62 | Healthcare | |
| Apple Inc | 0.19 | 0.20 | 0.27 | 89 | Technology | |
| Franklin Resources, Inc. | 0.53 | 0.48 | 0.54 | 81 | Financial Services |
Build a portfolio that complements WT
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