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 0.22, down from 0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | 0.22 | 0.33 | 0.41 | 90 | Semiconductors, Technology Equities | WYNN vs SMH | |
| Invesco QQQ ETF | 0.29 | 0.36 | 0.43 | 53 | Nasdaq-100 | WYNN vs QQQ | |
| Vanguard High Dividend Yield ETF | 0.30 | 0.41 | 0.43 | 85 | Dividend | WYNN vs VYM | |
| State Street SPDR S&P 500 ETF | 0.32 | 0.42 | 0.46 | 65 | S&P 500 | WYNN vs SPY | |
| Vanguard S&P 500 ETF | 0.32 | 0.42 | 0.46 | 66 | S&P 500 | WYNN vs VOO |
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 Energy Transfer LP (ET) (Energy) with a 1Y correlation of -0.06, down from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Energy Transfer LP | -0.06 | 0.15 | 0.28 | 83 | Energy | |
| MPLX LP | -0.01 | 0.16 | 0.25 | 82 | Energy | |
| DaVita Inc. | 0.04 | 0.17 | 0.23 | 85 | Healthcare | |
| UnitedHealth Group Incorporated | 0.05 | -0.00 | 0.04 | 77 | Healthcare | |
| Berkshire Hathaway Inc. | 0.11 | 0.23 | 0.29 | 53 | Financial Services |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements WYNN
Add WYNN to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with WYNN