Looking to diversify beyond IWB? The ETFs below have the lowest correlation with IWB — 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 IWB.
Best Diversifiers for IWB
354 ETFs have low correlation with IWB (below 0.3), 73 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.32, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.32 | -0.07 | 0.09 | 71 | Oil & Gas | IWB vs DBE | |
| United States Oil Fund LP | -0.32 | -0.07 | 0.08 | 66 | Oil & Gas | IWB vs USO | |
| United States Brent Oil Fund LP | -0.31 | -0.06 | 0.08 | 65 | Oil & Gas | IWB vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.29 | — | — | 56 | Derivative Income | IWB vs USOY | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.29 | -0.03 | 0.10 | 55 | Oil & Gas | IWB vs OILK |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IWB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IWB and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.18, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.18 | 0.03 | 0.14 | 69 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.16 | 0.06 | 0.19 | 85 | Energy | |
| Duke Energy Corporation | -0.13 | 0.00 | 0.11 | 53 | Utilities | |
| Chevron Corporation | -0.12 | 0.08 | 0.22 | 83 | Energy | |
| ConocoPhillips Company | -0.12 | 0.09 | 0.21 | 76 | Energy |
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