Looking to diversify beyond ARKW? The ETFs below have the lowest correlation with ARKW — 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 ARKW.
Best Diversifiers for ARKW
420 ETFs have low correlation with ARKW (below 0.3), 37 of which are negatively correlated. The least correlated is Direxion Daily NFLX Bear 1X Shares (NFXS) (Inverse Equities) with a 1Y correlation of -0.25, up from -0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily NFLX Bear 1X Shares | -0.25 | -0.40 | -0.40 | 55 | Inverse Equities | ARKW vs NFXS | |
| Brookstone Ultra-Short Bond ETF | -0.17 | — | — | 98 | Ultrashort Bond | ARKW vs BAMU | |
| United States Gasoline Fund LP | -0.13 | 0.00 | 0.06 | 55 | Oil & Gas | ARKW vs UGA | |
| ProShares UltraShort Yen | -0.12 | -0.03 | -0.04 | 63 | Leveraged Currency | ARKW vs YCS | |
| iShares Core High Dividend ETF | -0.11 | 0.11 | 0.23 | 70 | Dividend, Large Cap Value Equities | ARKW vs HDV |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ARKW, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ARKW and solid risk/return profiles. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.29, down from 0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.29 | -0.10 | 0.00 | 74 | Consumer Defensive | |
| Chubb Limited | -0.26 | -0.10 | 0.02 | 69 | Financial Services | |
| Altria Group, Inc. | -0.26 | -0.07 | -0.01 | 72 | Consumer Defensive | |
| Verizon Communications Inc. | -0.24 | -0.10 | -0.02 | 66 | Communication Services | |
| Johnson & Johnson | -0.23 | -0.13 | -0.03 | 96 | Healthcare |
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Build a portfolio that complements ARKW
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