Looking to diversify beyond ISWN? The ETFs below have the lowest correlation with ISWN — 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 ISWN.
Best Diversifiers for ISWN
196 ETFs have low correlation with ISWN (below 0.3), 71 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.63, roughly unchanged from -0.60 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.63 | -0.61 | -0.60 | 51 | Currency | ISWN vs UUP | |
| ProShares UltraShort Yen | -0.51 | -0.44 | -0.46 | 72 | Leveraged Currency | ISWN vs YCS | |
| Invesco DB Energy Fund | -0.39 | -0.18 | -0.06 | 53 | Oil & Gas | ISWN vs DBE | |
| United States Gasoline Fund LP | -0.34 | -0.15 | -0.05 | 78 | Oil & Gas | ISWN vs UGA | |
| ProShares Short Bitcoin ETF | -0.34 | -0.23 | -0.23 | 57 | Cryptocurrency | ISWN vs BITI |
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