Looking to diversify beyond WTID? The ETFs below have the lowest correlation with WTID — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from WTID.
Best Diversifiers for WTID
1119 ETFs have low correlation with WTID (below 0.3), 243 of which are negatively correlated. The least correlated is Fidelity MSCI Energy Index ETF (FENY) (Energy Equities) with a 1Y correlation of -0.96, roughly unchanged from -0.97 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity MSCI Energy Index ETF | -0.96 | -0.97 | — | 55 | Energy Equities | WTID vs FENY | |
| iShares U.S. Energy ETF | -0.96 | -0.97 | — | 54 | Energy Equities | WTID vs IYE | |
| First Trust Energy AlphaDEX Fund | -0.93 | -0.91 | — | 55 | Energy Equities | WTID vs FXN | |
| iShares Global Energy ETF | -0.93 | -0.94 | -0.94 | 61 | Energy Equities | WTID vs IXC | |
| FT Energy Income Partners Strategy ETF | -0.76 | -0.78 | — | 91 | Energy Equities | WTID vs EIPX |
See all 1138 diversifiers for WTID
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Diversification Analysis
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