Looking to balance out your exposure to WTRG? The ETFs below have the lowest correlation with WTRG — they tend to move on their own, which can help reduce risk when WTRG drops. The stock ideas table highlights individual companies that behave independently from WTRG.
Best Diversifiers for WTRG
2 ETFs have low correlation with WTRG (below 0.3), 2 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of -0.28, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | -0.28 | -0.11 | 0.11 | 53 | Nasdaq-100 | WTRG vs QQQ | |
| State Street SPDR S&P 500 ETF | -0.20 | 0.03 | 0.23 | 65 | S&P 500 | WTRG vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from WTRG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to WTRG and solid risk/return profiles. The least correlated is Allegheny Technologies Incorporated (ATI) (Industrials) with a 1Y correlation of -0.15, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Allegheny Technologies Incorporated | -0.15 | -0.00 | 0.10 | 92 | Industrials | |
| Valmont Industries, Inc. | -0.10 | 0.09 | 0.19 | 90 | Industrials | |
| Select Energy Services, Inc. | -0.08 | 0.01 | 0.07 | 95 | Energy | |
| Copa Holdings, S.A. | -0.05 | 0.07 | 0.13 | 73 | Industrials | |
| XPLR Infrastructure LP | -0.02 | 0.22 | 0.32 | 74 | Utilities |
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