Looking to balance out your exposure to WY? The ETFs below have the lowest correlation with WY — they tend to move on their own, which can help reduce risk when WY drops. The stock ideas table highlights individual companies that behave independently from WY.
Best Diversifiers for WY
2 ETFs have low correlation with WY (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 0.15, down from 0.48 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.15 | 0.33 | 0.48 | 59 | S&P 500 | WY vs SPY | |
| Vanguard S&P 500 ETF | 0.16 | 0.33 | 0.49 | 59 | S&P 500 | WY vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from WY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to WY and solid risk/return profiles. The least correlated is Marvell Technology, Inc. (MRVL) (Technology) with a 1Y correlation of -0.01, down from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Marvell Technology, Inc. | -0.01 | 0.12 | 0.28 | 96 | Technology | |
| Intel Corporation | 0.04 | 0.23 | 0.32 | 99 | Technology | |
| Clover Health Investments, Corp. | 0.06 | 0.18 | 0.28 | 71 | Healthcare | |
| Corning Incorporated | 0.07 | 0.24 | 0.37 | 97 | Technology | |
| First Solar, Inc. | 0.11 | 0.23 | 0.27 | 76 | Technology |
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