Looking to balance out your exposure to WYNN? The ETFs below have the lowest correlation with WYNN — they tend to move on their own, which can help reduce risk when WYNN drops. The stock ideas table highlights individual companies that behave independently from WYNN.
Best Diversifiers for WYNN
2 ETFs have low correlation with WYNN (below 0.3), 0 of which are negatively correlated. The least correlated is VanEck Semiconductor ETF (SMH) (Semiconductors) with a 1Y correlation of 0.25, down from 0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | 0.25 | 0.35 | 0.42 | 94 | Semiconductors, Technology Equities | WYNN vs SMH | |
| Invesco QQQ ETF | 0.30 | 0.37 | 0.43 | 59 | Nasdaq-100 | WYNN vs QQQ | |
| Vanguard High Dividend Yield ETF | 0.32 | 0.42 | 0.44 | 77 | Dividend | WYNN vs VYM | |
| Vanguard S&P 500 ETF | 0.33 | 0.43 | 0.47 | 60 | S&P 500 | WYNN vs VOO | |
| State Street SPDR S&P 500 ETF | 0.33 | 0.43 | 0.47 | 60 | S&P 500 | WYNN vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from WYNN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to WYNN and solid risk/return profiles. The least correlated is UnitedHealth Group Incorporated (UNH) (Healthcare) with a 1Y correlation of 0.05, roughly unchanged from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| UnitedHealth Group Incorporated | 0.05 | 0.00 | 0.04 | 68 | Healthcare | |
| NVIDIA Corporation | 0.13 | 0.23 | 0.33 | 70 | Technology | |
| Baidu, Inc. | 0.14 | 0.34 | 0.41 | 58 | Communication Services | |
| Tesla, Inc. | 0.14 | 0.25 | 0.31 | 50 | Consumer Cyclical | |
| Warner Bros. Discovery, Inc. | 0.14 | 0.33 | 0.41 | 97 | Communication Services |
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