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
1 ETFs have low correlation with WTS (below 0.3), 0 of which are negatively correlated. The least correlated is Amplify Junior Silver Miners ETF (SILJ) (Silver) with a 1Y correlation of 0.16, roughly unchanged from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Amplify Junior Silver Miners ETF | 0.16 | 0.19 | 0.24 | 54 | Silver, Commodity Producers Equities, Precious Metals | WTS vs SILJ | |
| Invesco QQQ ETF | 0.34 | 0.40 | 0.50 | 73 | Nasdaq-100 | WTS vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.46 | 0.53 | 0.62 | 70 | S&P 500 | WTS vs SPY | |
| Vanguard S&P 500 ETF | 0.46 | 0.53 | 0.62 | 70 | S&P 500 | WTS vs VOO | |
| iShares Core S&P 500 ETF | 0.46 | 0.53 | 0.62 | 70 | S&P 500 | WTS vs IVV |
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 TMC the metals company Inc. (TMC) (Basic Materials) with a 1Y correlation of 0.06, roughly unchanged from 0.14 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| TMC the metals company Inc. | 0.06 | 0.14 | — | 57 | Basic Materials | |
| Applied Optoelectronics, Inc. | 0.09 | 0.24 | 0.26 | 98 | Technology | |
| First Majestic Silver Corp. | 0.13 | 0.15 | 0.21 | 87 | Basic Materials | |
| Kinross Gold Corporation | 0.13 | 0.14 | 0.20 | 79 | Basic Materials | |
| NVIDIA Corporation | 0.14 | 0.20 | 0.34 | 78 | Technology |
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