Looking to diversify beyond ACWX? The ETFs below have the lowest correlation with ACWX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from ACWX.
Best Diversifiers for ACWX
266 ETFs have low correlation with ACWX (below 0.3), 60 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.53, roughly unchanged from -0.57 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.53 | -0.52 | -0.57 | 51 | Currency | ACWX vs UUP | |
| ProShares Short Bitcoin ETF | -0.43 | -0.32 | -0.35 | 57 | Cryptocurrency | ACWX vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.42 | -0.37 | -0.37 | 52 | Cryptocurrency, Leveraged Cryptocurrency | ACWX vs SBIT | |
| Defiance Daily Target 2X Short MSTR ETF | -0.38 | — | — | 60 | Inverse Equities | ACWX vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.38 | — | — | 68 | Inverse Equities, Leveraged Equities | ACWX vs MSTZ |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ACWX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ACWX and solid risk/return profiles. The least correlated is Waste Management, Inc. (WM) (Industrials) with a 1Y correlation of -0.20, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Waste Management, Inc. | -0.20 | 0.04 | 0.17 | 53 | Industrials | |
| Altria Group, Inc. | -0.18 | 0.03 | 0.14 | 81 | Consumer Defensive | |
| ConocoPhillips Company | -0.13 | 0.07 | 0.24 | 66 | Energy | |
| Duke Energy Corporation | -0.13 | 0.04 | 0.13 | 66 | Utilities | |
| Occidental Petroleum Corporation | -0.13 | 0.09 | 0.24 | 62 | Energy |
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