Looking to balance out your exposure to WTTR? The ETFs below have the lowest correlation with WTTR — they tend to move on their own, which can help reduce risk when WTTR drops. The stock ideas table highlights individual companies that behave independently from WTTR.
Best Diversifiers for WTTR
3 ETFs have low correlation with WTTR (below 0.3), 0 of which are negatively correlated. The least correlated is iShares U.S. Technology ETF (IYW) (Technology Equities) with a 1Y correlation of 0.19, roughly unchanged from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares U.S. Technology ETF | 0.19 | 0.19 | 0.20 | 61 | Technology Equities | WTTR vs IYW | |
| Invesco QQQ ETF | 0.20 | 0.19 | 0.20 | 59 | Nasdaq-100 | WTTR vs QQQ | |
| iShares MSCI Taiwan ETF | 0.22 | 0.23 | 0.25 | 94 | Taiwan Equities, Asia Pacific Equities | WTTR vs EWT |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from WTTR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to WTTR and solid risk/return profiles. The least correlated is Essential Utilities, Inc. (WTRG) (Utilities) with a 1Y correlation of -0.08, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Essential Utilities, Inc. | -0.08 | 0.01 | 0.07 | 52 | Utilities | |
| California Water Service Group | -0.06 | 0.05 | 0.07 | 60 | Utilities | |
| American States Water Company | -0.05 | 0.05 | 0.05 | 71 | Utilities | |
| Praxis Precision Medicines, Inc. | 0.00 | 0.06 | 0.06 | 98 | Healthcare | |
| ARMOUR Residential REIT, Inc. | 0.06 | 0.16 | 0.22 | 72 | Real Estate |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements WTTR
Add WTTR to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with WTTR