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
218 ETFs have low correlation with ALLW (below 0.3), 32 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.44 | — | — | 61 | Leveraged Currency | ALLW vs YCS | |
| Invesco DB Energy Fund | -0.17 | — | — | 71 | Oil & Gas | ALLW vs DBE | |
| United States Brent Oil Fund LP | -0.16 | — | — | 65 | Oil & Gas | ALLW vs BNO | |
| United States Oil Fund LP | -0.16 | — | — | 66 | Oil & Gas | ALLW vs USO | |
| Invesco DB Oil Fund | -0.15 | — | — | 65 | Oil & Gas | ALLW vs DBO |
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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 ConocoPhillips Company (COP) (Energy) with a 1Y correlation of -0.05, roughly unchanged from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.05 | 0.03 | 0.03 | 76 | Energy | |
| Altria Group, Inc. | -0.05 | 0.00 | 0.00 | 69 | Consumer Defensive | |
| Energy Transfer LP | -0.02 | 0.07 | 0.07 | 69 | Energy | |
| Exxon Mobil Corporation | -0.02 | 0.07 | 0.07 | 85 | Energy | |
| Chevron Corporation | 0.01 | 0.09 | 0.09 | 83 | Energy |
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