Looking to diversify beyond ALLW? The ETFs below have historically moved differently from ALLW, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for ALLW
242 ETFs have low correlation with ALLW (below 0.3), 38 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.37 | — | — | 56 | Leveraged Currency | ALLW vs YCS | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.30 | -0.30 | -0.30 | 58 | Derivative Income | ALLW vs WNTR | |
| Invesco DB Energy Fund | -0.16 | -0.07 | -0.07 | 54 | Oil & Gas | ALLW vs DBE | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.13 | — | — | 100 | Government Bonds, Ultrashort Bond | ALLW vs BIL | |
| United States Gasoline Fund, LP | -0.11 | — | — | 72 | Oil & Gas | ALLW vs UGA |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ALLW, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.15, roughly unchanged from -0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.15 | -0.08 | -0.08 | 63 | Consumer Defensive | |
| ConocoPhillips Company | -0.12 | -0.01 | -0.01 | 68 | Energy | |
| Chubb Limited | -0.11 | 0.04 | 0.04 | 87 | Financial Services | |
| Chevron Corporation | -0.09 | 0.02 | 0.02 | 72 | Energy | |
| Devon Energy Corporation | -0.07 | 0.01 | 0.01 | 71 | Energy |
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