Looking to diversify beyond WTRE? The ETFs below have historically moved differently from WTRE, 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 WTRE
371 ETFs have low correlation with WTRE (below 0.3), 51 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Proshares Ultrashort Bitcoin ETF | -0.49 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | WTRE vs SBIT | |
| ProShares Short Bitcoin ETF | -0.49 | -0.32 | — | 61 | Cryptocurrency | WTRE vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.48 | — | — | 61 | Inverse Equities, Leveraged Equities | WTRE vs MSTZ | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.46 | — | — | 75 | Derivative Income | WTRE vs WNTR | |
| ProShares UltraShort Yen | -0.26 | -0.26 | -0.23 | 56 | Leveraged Currency | WTRE vs YCS |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for WTRE, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CBL & Associates Properties, Inc. | 0.08 | 0.35 | 0.39 | 99 | ||
| Welltower Inc. | 0.09 | 0.38 | 0.47 | 89 | Real Estate | |
| Realty Income Corporation | 0.14 | 0.39 | 0.47 | 77 | Real Estate | |
| EPR Properties | 0.19 | 0.47 | 0.52 | 69 | Real Estate | |
| Medical Properties Trust, Inc | 0.25 | 0.39 | 0.47 | 63 | Real Estate |
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