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
220 ETFs have low correlation with ALLW (below 0.3), 42 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.40 | — | — | 73 | Leveraged Currency | ALLW vs YCS | |
| ProShares Short Bitcoin ETF | -0.33 | — | — | 52 | Cryptocurrency | ALLW vs BITI | |
| Defiance Daily Target 2X Short MSTR ETF | -0.30 | — | — | 63 | Inverse Equities | ALLW vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.30 | — | — | 70 | Inverse Equities, Leveraged Equities | ALLW vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.28 | — | — | 73 | Derivative Income | ALLW vs WNTR |
To view more results, upgrade your current subscription plan.
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.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.13 | — | — | 80 | Consumer Defensive | |
| ConocoPhillips Company | -0.11 | -0.00 | -0.00 | 69 | Energy | |
| Waste Management, Inc. | -0.10 | 0.02 | 0.02 | 56 | Industrials | |
| Chubb Limited | -0.08 | 0.05 | 0.05 | 82 | Financial Services | |
| Chevron Corporation | -0.07 | 0.04 | 0.04 | 74 | Energy |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements ALLW
Add ALLW to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with ALLW