Looking to diversify beyond ALLW? The ETFs below have the lowest correlation with ALLW — 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 ALLW.
Best Diversifiers for ALLW
164 ETFs have low correlation with ALLW (below 0.3), 20 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.42 | — | — | 73 | Leveraged Currency | ALLW vs YCS | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.26 | -0.27 | -0.27 | 51 | Derivative Income | ALLW vs WNTR | |
| United States Gasoline Fund LP | -0.12 | — | — | 60 | Oil & Gas | ALLW vs UGA | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.11 | — | — | 100 | Government Bonds, Ultrashort Bond | ALLW vs BIL | |
| iShares 0-3 Month Treasury Bond ETF | -0.10 | — | — | 100 | Ultrashort Bond | ALLW vs SGOV |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ALLW, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ALLW and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.07, roughly unchanged from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.07 | -0.02 | -0.02 | 74 | Consumer Defensive | |
| ConocoPhillips Company | -0.07 | 0.02 | 0.02 | 65 | Energy | |
| Exxon Mobil Corporation | -0.03 | 0.06 | 0.06 | 74 | Energy | |
| Chevron Corporation | -0.00 | 0.08 | 0.08 | 70 | Energy | |
| Energy Transfer LP | 0.00 | 0.07 | 0.07 | 70 | Energy |
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