Looking to balance out your exposure to WTI? The ETFs below have the lowest correlation with WTI — they tend to move on their own, which can help reduce risk when WTI drops. The stock ideas table highlights individual companies that behave independently from WTI.
Best Diversifiers for WTI
5 ETFs have low correlation with WTI (below 0.3), 5 of which are negatively correlated. The least correlated is iShares MSCI Emerging Markets ETF (EEM) (Emerging Markets Diversified) with a 1Y correlation of -0.10, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares MSCI Emerging Markets ETF | -0.10 | 0.13 | 0.23 | 67 | Emerging Markets Diversified | WTI vs EEM | |
| iShares Core S&P 500 ETF | -0.10 | 0.10 | 0.22 | 60 | S&P 500 | WTI vs IVV | |
| State Street SPDR S&P 500 ETF | -0.09 | 0.10 | 0.22 | 60 | S&P 500 | WTI vs SPY | |
| Vanguard S&P 500 ETF | -0.09 | 0.10 | 0.22 | 60 | S&P 500 | WTI vs VOO | |
| State Street Technology Select Sector SPDR ETF | -0.07 | 0.08 | 0.15 | 66 | Technology Equities | WTI vs XLK |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from WTI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to WTI and solid risk/return profiles. The least correlated is Eni S.p.A. (E) (Energy) with a 1Y correlation of 0.48, roughly unchanged from 0.53 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eni S.p.A. | 0.48 | 0.46 | 0.53 | 90 | Energy | |
| Kimbell Royalty Partners, LP | 0.64 | 0.59 | 0.61 | 61 | Energy |
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