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
1138 ETFs have low correlation with WTID (below 0.3), 288 of which are negatively correlated. The least correlated is Strive U.S. Energy ETF (DRLL) (Energy Equities) with a 1Y correlation of -0.98, roughly unchanged from -0.98 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Strive U.S. Energy ETF | -0.98 | -0.98 | — | 55 | Energy Equities | WTID vs DRLL | |
| Fidelity MSCI Energy Index ETF | -0.96 | -0.97 | -0.97 | 64 | Energy Equities | WTID vs FENY | |
| iShares U.S. Energy ETF | -0.96 | -0.97 | — | 63 | Energy Equities | WTID vs IYE | |
| ProShares Ultra Oil & Gas | -0.96 | -0.97 | -0.97 | 61 | Leveraged Equities | WTID vs DIG | |
| Direxion Daily Energy Bull 2X Shares | -0.96 | -0.97 | — | 61 | Leveraged Equities | WTID vs ERX |
See all 1145 diversifiers for WTID
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