Looking to diversify beyond WTPI? The ETFs below have historically moved differently from WTPI, 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 WTPI
367 ETFs have low correlation with WTPI (below 0.3), 76 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax MSTR Short Option Income Strategy ETF | -0.44 | — | — | 75 | Derivative Income | WTPI vs WNTR | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.44 | — | — | 61 | Inverse Equities, Leveraged Equities | WTPI vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.41 | -0.31 | — | 61 | Cryptocurrency | WTPI vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.41 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | WTPI vs SBIT | |
| Alpha Architect Tail Risk ETF | -0.33 | -0.03 | — | 56 | Options Trading | WTPI vs CAOS |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for WTPI, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Johnson & Johnson (JNJ) (Healthcare) with a 1Y correlation of -0.11, down from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Johnson & Johnson | -0.11 | 0.01 | 0.13 | 97 | Healthcare | |
| Shell plc | 0.06 | 0.15 | 0.24 | 80 | Energy | |
| DNP Select Income Fund Inc. | 0.10 | 0.23 | 0.28 | 89 | Financial Services | |
| PIMCO Dynamic Income Opportunities Fund | 0.30 | 0.34 | 0.36 | 65 | Financial Services | |
| AGNC Investment Corp. | 0.37 | 0.43 | 0.49 | 79 | Real Estate |
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