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
502 ETFs have low correlation with ARKW (below 0.3), 68 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.18, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.18 | -0.03 | 0.04 | 66 | Oil & Gas | ARKW vs USO | |
| Invesco DB Energy Fund | -0.17 | -0.03 | 0.05 | 71 | Oil & Gas | ARKW vs DBE | |
| United States Brent Oil Fund LP | -0.15 | -0.02 | 0.05 | 65 | Oil & Gas | ARKW vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.15 | -0.00 | -0.00 | 56 | Derivative Income | ARKW vs USOY | |
| Brookstone Ultra-Short Bond ETF | -0.13 | -0.01 | -0.01 | 98 | Ultrashort Bond | ARKW vs BAMU |
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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 -0.26, down from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.26 | -0.09 | 0.01 | 66 | Consumer Defensive | |
| Verizon Communications Inc. | -0.23 | -0.09 | -0.02 | 59 | Communication Services | |
| Chubb Limited | -0.22 | -0.08 | 0.03 | 51 | Financial Services | |
| Johnson & Johnson | -0.21 | -0.11 | -0.02 | 92 | Healthcare | |
| Altria Group, Inc. | -0.21 | -0.05 | -0.00 | 69 | Consumer Defensive |
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