Looking to balance out your exposure to WTW? The ETFs below have the lowest correlation with WTW — they tend to move on their own, which can help reduce risk when WTW drops. The stock ideas table highlights individual companies that behave independently from WTW.
Best Diversifiers for WTW
3 ETFs have low correlation with WTW (below 0.3), 1 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of -0.05, down from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | -0.05 | 0.06 | 0.30 | 62 | Nasdaq-100 | WTW vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.11 | 0.20 | 0.42 | 66 | S&P 500 | WTW vs SPY | |
| iShares MSCI World ETF | 0.13 | 0.21 | 0.42 | 59 | Global Equities | WTW vs URTH |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from WTW, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to WTW and solid risk/return profiles. The least correlated is Broadcom Inc. (AVGO) (Technology) with a 1Y correlation of -0.17, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Broadcom Inc. | -0.17 | -0.05 | 0.14 | 71 | Technology | |
| Alphabet Inc. Class A | -0.13 | -0.02 | 0.19 | 96 | Communication Services | |
| Quanta Services, Inc. | -0.09 | 0.08 | 0.25 | 93 | Industrials | |
| Amazon.com, Inc | -0.04 | 0.03 | 0.19 | 58 | Consumer Cyclical | |
| Arista Networks, Inc. | -0.02 | 0.04 | 0.18 | 73 | Technology |
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