Looking to balance out your exposure to WWD? The ETFs below have the lowest correlation with WWD — they tend to move on their own, which can help reduce risk when WWD drops. The stock ideas table highlights individual companies that behave independently from WWD.
Best Diversifiers for WWD
0 ETFs have low correlation with WWD (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.46, down from 0.57 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.46 | 0.49 | 0.57 | 74 | S&P 500 | WWD vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from WWD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to WWD and solid risk/return profiles. The least correlated is Lockheed Martin Corporation (LMT) (Industrials) with a 1Y correlation of 0.13, roughly unchanged from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Lockheed Martin Corporation | 0.13 | 0.15 | 0.23 | 51 | Industrials | |
| Eli Lilly and Company | 0.15 | 0.22 | 0.20 | 75 | Healthcare | |
| MEDNAX, Inc. | 0.17 | 0.19 | 0.32 | 79 | Healthcare | |
| Northrop Grumman Corporation | 0.17 | 0.14 | 0.22 | 54 | Industrials | |
| Apple Inc | 0.20 | 0.21 | 0.33 | 90 | Technology |
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