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
346 ETFs have low correlation with IPKW (below 0.3), 40 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.54, roughly unchanged from -0.54 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.54 | -0.50 | -0.54 | 51 | Currency | IPKW vs UUP | |
| Proshares Ultrashort Bitcoin ETF | -0.38 | -0.31 | -0.31 | 52 | Cryptocurrency, Leveraged Cryptocurrency | IPKW vs SBIT | |
| ProShares Short Bitcoin ETF | -0.38 | -0.28 | -0.32 | 57 | Cryptocurrency | IPKW vs BITI | |
| ProShares UltraShort Yen | -0.36 | -0.24 | -0.22 | 72 | Leveraged Currency | IPKW vs YCS | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.33 | — | — | 68 | Inverse Equities, Leveraged Equities | IPKW vs MSTZ |
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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 | 0.08 | 0.17 | 71 | Consumer Defensive | |
| Kinder Morgan, Inc. | 0.04 | 0.27 | 0.40 | 77 | Energy | |
| Devon Energy Corporation | 0.04 | 0.29 | 0.38 | 72 | Energy | |
| Energy Transfer LP | 0.07 | 0.31 | 0.40 | 84 | Energy | |
| Evergy, Inc. | 0.08 | 0.17 | 0.22 | 89 | Utilities |
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