Looking to diversify beyond FIW? The ETFs below have the lowest correlation with FIW — 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 FIW.
Best Diversifiers for FIW
289 ETFs have low correlation with FIW (below 0.3), 38 of which are negatively correlated. The least correlated is United States Gasoline Fund LP (UGA) (Oil & Gas) with a 1Y correlation of -0.30, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Gasoline Fund LP | -0.30 | -0.08 | 0.04 | 55 | Oil & Gas | FIW vs UGA | |
| ProShares UltraShort Yen | -0.25 | -0.09 | -0.08 | 63 | Leveraged Currency | FIW vs YCS | |
| WisdomTree Floating Rate Treasury Fund | -0.21 | -0.05 | -0.04 | 100 | Government Bonds, Ultrashort Bond | FIW vs USFR | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.18 | — | — | 97 | Inflation-Protected Bonds | FIW vs RBIL | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.17 | — | — | 98 | Inflation-Protected Bonds | FIW vs IBIC |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FIW, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FIW and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.11, down from 0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.11 | 0.23 | 0.40 | 72 | Technology | |
| Liberty Oilfield Services Inc. | 0.16 | 0.29 | 0.31 | 90 | Energy | |
| Select Energy Services, Inc. | 0.21 | 0.31 | 0.29 | 92 | Energy | |
| Advanced Micro Devices, Inc. | 0.29 | 0.34 | 0.42 | 97 | Technology | |
| Amazon.com, Inc | 0.31 | 0.34 | 0.46 | 54 | Consumer Cyclical |
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