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
2 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 0.16, roughly unchanged from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.16 | 0.16 | 0.16 | 73 | Nasdaq-100 | WTTR vs QQQ | |
| iShares U.S. Technology ETF | 0.17 | 0.19 | 0.19 | 75 | Technology Equities | WTTR vs IYW |
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 Praxis Precision Medicines, Inc. (PRAX) (Healthcare) with a 1Y correlation of 0.00, roughly unchanged from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Praxis Precision Medicines, Inc. | 0.00 | 0.03 | 0.05 | 98 | Healthcare | |
| Companhia de Saneamento Básico do Estado de São Pa... | 0.14 | 0.14 | 0.16 | 71 | Utilities | |
| The Toro Company | 0.21 | 0.26 | 0.22 | 63 | Industrials | |
| Advanced Drainage Systems, Inc. | 0.22 | 0.30 | 0.27 | 57 | Industrials | |
| Zurn Water Solutions Corporation | 0.23 | 0.29 | 0.27 | 74 | Utilities |
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