Looking to balance out your exposure to WTS? The ETFs below have the lowest correlation with WTS — they tend to move on their own, which can help reduce risk when WTS drops. The stock ideas table highlights individual companies that behave independently from WTS.
Best Diversifiers for WTS
0 ETFs have low correlation with WTS (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.33, down from 0.50 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.33 | 0.41 | 0.50 | 59 | Nasdaq-100 | WTS vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.45 | 0.54 | 0.61 | 59 | S&P 500 | WTS vs SPY | |
| Vanguard S&P 500 ETF | 0.45 | 0.54 | 0.61 | 59 | S&P 500 | WTS vs VOO | |
| iShares Core S&P 500 ETF | 0.45 | 0.54 | 0.61 | 59 | S&P 500 | WTS vs IVV | |
| State Street SPDR Dow Jones Industrial Average ETF... | 0.54 | 0.61 | 0.66 | 56 | Large Cap Blend Equities | WTS vs DIA |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from WTS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to WTS and solid risk/return profiles. The least correlated is Phillips 66 (PSX) (Energy) with a 1Y correlation of -0.01, down from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Phillips 66 | -0.01 | 0.23 | 0.25 | 81 | Energy | |
| Applied Optoelectronics, Inc. | 0.05 | 0.22 | 0.25 | 95 | Technology | |
| Celestica Inc. | 0.14 | 0.23 | 0.33 | 88 | Technology | |
| The New York Times Company | 0.14 | 0.33 | 0.37 | 77 | Communication Services | |
| First Majestic Silver Corp. | 0.15 | 0.16 | 0.21 | 77 | Basic Materials |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements WTS
Add WTS to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with WTS