Looking to diversify beyond WTID? The ETFs below have historically moved differently from WTID, 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 WTID
1234 ETFs have low correlation with WTID (below 0.3), 257 of which are negatively correlated. The least correlated is MicroSectors Energy 3X Leveraged ETN (WTIU) (Leveraged Equities) with a 1Y correlation of -0.98, roughly unchanged from -0.99 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MicroSectors Energy 3X Leveraged ETN | -0.98 | -0.99 | — | 55 | Leveraged Equities | WTID vs WTIU | |
| Strive U.S. Energy ETF | -0.98 | -0.98 | — | 68 | Energy Equities | WTID vs DRLL | |
| iShares U.S. Oil & Gas Exploration & Production ET... | -0.97 | -0.97 | -0.97 | 68 | Energy Equities | WTID vs IEO | |
| First Trust Nasdaq Oil & Gas ETF | -0.97 | -0.96 | — | 59 | Energy Equities | WTID vs FTXN | |
| Fidelity MSCI Energy Index ETF | -0.96 | -0.97 | — | 76 | Energy Equities | WTID vs FENY |
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