Looking to diversify beyond WXET? The ETFs below have historically moved differently from WXET, 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 WXET
1245 ETFs have low correlation with WXET (below 0.3), 1089 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares High Yield Corporate Bond Buywrite Strateg... | -0.21 | — | — | 88 | Derivative Income, High Yield Bonds | WXET vs HYGW | |
| Invesco BulletShares 2032 Municipal Bond ETF | -0.21 | — | — | 65 | Municipal Bonds | WXET vs BSMW | |
| Calamos S&P 500 Structured Alt Protection ETF - Au... | -0.20 | — | — | 96 | Defined Outcome | WXET vs CPSA | |
| Franklin Ultra Short Bond ETF | -0.19 | — | — | 97 | Ultrashort Bond | WXET vs FLUD | |
| VanEck AA-BB CLO ETF | -0.19 | — | — | 86 | CLO, Investment Grade Bonds, High Yield Bonds, Actively Managed | WXET vs CLOB |
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