Looking to diversify beyond ARKW? The ETFs below have historically moved differently from ARKW, 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 ARKW
569 ETFs have low correlation with ARKW (below 0.3), 99 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.70, roughly unchanged from -0.62 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.70 | -0.62 | — | 51 | Cryptocurrency | ARKW vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.70 | — | — | 69 | Derivative Income | ARKW vs WNTR | |
| YieldMax XOM Option Income Strategy ETF | -0.22 | -0.03 | -0.03 | 52 | Derivative Income, Dividend | ARKW vs XOMO | |
| Invesco DB Energy Fund | -0.20 | -0.05 | 0.03 | 66 | Oil & Gas | ARKW vs DBE | |
| iShares Core High Dividend ETF | -0.19 | 0.08 | 0.21 | 91 | Dividend, Large Cap Value Equities | ARKW vs HDV |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ARKW, 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 -0.33, down from -0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.33 | -0.09 | -0.02 | 66 | Consumer Defensive | |
| The Coca-Cola Company | -0.32 | -0.14 | -0.01 | 87 | Consumer Defensive | |
| Duke Energy Corporation | -0.32 | -0.17 | -0.07 | 52 | Utilities | |
| Chubb Limited | -0.30 | -0.11 | 0.02 | 87 | Financial Services | |
| Johnson & Johnson | -0.27 | -0.14 | -0.04 | 96 | Healthcare |
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