Looking to balance out your exposure to WTTR? The ETFs below have historically moved differently from WTTR, 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 WTTR
3 ETFs have low correlation with WTTR (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.21, roughly unchanged from 0.20 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.21 | 0.20 | 0.20 | 55 | Nasdaq-100 | WTTR vs QQQ | |
| iShares U.S. Technology ETF | 0.21 | 0.20 | 0.20 | 58 | Technology Equities | WTTR vs IYW | |
| iShares MSCI Taiwan ETF | 0.24 | 0.24 | 0.25 | 90 | Taiwan Equities, Asia Pacific Equities | WTTR vs EWT |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for WTTR, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Essential Utilities, Inc. (WTRG) (Utilities) with a 1Y correlation of -0.06, down from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Essential Utilities, Inc. | -0.06 | 0.01 | 0.08 | 52 | Utilities | |
| Ecolab Inc. | -0.05 | 0.00 | 0.08 | 52 | Basic Materials | |
| Middlesex Water Company | -0.04 | 0.01 | 0.06 | 54 | Utilities | |
| American States Water Company | -0.03 | 0.05 | 0.05 | 69 | Utilities | |
| California Water Service Group | -0.03 | 0.05 | 0.07 | 55 | Utilities |
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