Looking to diversify beyond IPKW? The ETFs below have the lowest correlation with IPKW — 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 IPKW.
Best Diversifiers for IPKW
300 ETFs have low correlation with IPKW (below 0.3), 32 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.37, down from -0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.37 | -0.25 | -0.21 | 63 | Leveraged Currency | IPKW vs YCS | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.17 | — | — | 97 | Inflation-Protected Bonds | IPKW vs RBIL | |
| TCW AAA CLO ETF | -0.17 | — | — | 99 | CLO | IPKW vs ACLO | |
| iShares 0-3 Month Treasury Bond ETF | -0.16 | -0.06 | -0.02 | 100 | Ultrashort Bond | IPKW vs SGOV | |
| United States Gasoline Fund LP | -0.15 | 0.10 | 0.20 | 55 | Oil & Gas | IPKW vs UGA |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IPKW, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IPKW and solid risk/return profiles. The least correlated is Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of 0.02, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | 0.02 | 0.09 | 0.17 | 69 | Consumer Defensive | |
| Kinder Morgan, Inc. | 0.07 | 0.29 | 0.40 | 72 | Energy | |
| Energy Transfer LP | 0.09 | 0.32 | 0.41 | 72 | Energy | |
| CrowdStrike Holdings, Inc. | 0.17 | 0.24 | 0.31 | 65 | Technology | |
| BP p.l.c. | 0.18 | 0.43 | 0.49 | 77 | Energy |
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