Looking to balance out your exposure to WY? The ETFs below have historically moved differently from WY, 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 WY
2 ETFs have low correlation with WY (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.11, down from 0.47 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.11 | 0.31 | 0.47 | 68 | S&P 500 | WY vs VOO | |
| State Street SPDR S&P 500 ETF | 0.12 | 0.31 | 0.47 | 67 | S&P 500 | WY vs SPY | |
| iShares Transportation Average ETF | 0.40 | 0.49 | 0.57 | 57 | Industrials Equities | WY vs IYT |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for WY, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Marvell Technology, Inc. (MRVL) (Technology) with a 1Y correlation of -0.05, down from 0.26 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Marvell Technology, Inc. | -0.05 | 0.09 | 0.26 | 87 | Technology | |
| Opera Limited | -0.02 | 0.17 | 0.23 | 57 | Communication Services | |
| Intel Corporation | -0.01 | 0.20 | 0.30 | 98 | Technology | |
| Amazon.com, Inc | 0.02 | 0.11 | 0.27 | 60 | Consumer Cyclical | |
| Rivian Automotive, Inc. | 0.04 | 0.22 | — | 56 | Consumer Cyclical |
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