Looking to diversify beyond ISWN? The ETFs below have historically moved differently from ISWN, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for ISWN
226 ETFs have low correlation with ISWN (below 0.3), 90 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.48, roughly unchanged from -0.46 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.48 | -0.44 | -0.46 | 56 | Leveraged Currency | ISWN vs YCS | |
| Invesco DB Energy Fund | -0.40 | -0.19 | -0.07 | 72 | Oil & Gas | ISWN vs DBE | |
| United States Brent Oil Fund LP | -0.38 | -0.18 | -0.07 | 52 | Oil & Gas | ISWN vs BNO | |
| United States Oil Fund LP | -0.38 | -0.18 | -0.07 | 55 | Oil & Gas | ISWN vs USO | |
| ProShares Short Bitcoin ETF | -0.37 | -0.23 | — | 61 | Cryptocurrency | ISWN vs BITI |
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