Looking to diversify beyond WTPI? The ETFs below have the lowest correlation with WTPI — 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 WTPI.
Best Diversifiers for WTPI
287 ETFs have low correlation with WTPI (below 0.3), 40 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.43 | — | — | 60 | Inverse Equities, Leveraged Equities | WTPI vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.42 | — | — | 65 | Derivative Income | WTPI vs WNTR | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.17 | — | — | 98 | Inflation-Protected Bonds | WTPI vs IBIC | |
| Brookstone Ultra-Short Bond ETF | -0.15 | — | — | 99 | Ultrashort Bond | WTPI vs BAMU | |
| United States Gasoline Fund LP | -0.13 | -0.03 | 0.07 | 72 | Oil & Gas | WTPI vs UGA |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from WTPI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to WTPI and solid risk/return profiles. The least correlated is Waste Management, Inc. (WM) (Industrials) with a 1Y correlation of -0.16, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Waste Management, Inc. | -0.16 | 0.11 | 0.24 | 51 | Industrials | |
| Johnson & Johnson | -0.08 | 0.02 | 0.14 | 97 | Healthcare | |
| Shell plc | 0.08 | 0.15 | 0.24 | 68 | Energy | |
| DNP Select Income Fund Inc. | 0.14 | 0.23 | 0.28 | 92 | Financial Services | |
| PIMCO Dynamic Income Opportunities Fund | 0.29 | 0.34 | 0.36 | 70 | Financial Services |
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