Looking to diversify beyond IWC? The ETFs below have the lowest correlation with IWC — 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 IWC.
Best Diversifiers for IWC
380 ETFs have low correlation with IWC (below 0.3), 73 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.52 | — | — | 53 | Inverse Equities | IWC vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.52 | — | — | 68 | Inverse Equities, Leveraged Equities | IWC vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.51 | -0.42 | -0.43 | 57 | Cryptocurrency | IWC vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.50 | -0.47 | -0.47 | 52 | Cryptocurrency, Leveraged Cryptocurrency | IWC vs SBIT | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.49 | — | — | 70 | Derivative Income | IWC vs WNTR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IWC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IWC and solid risk/return profiles. The least correlated is BlackBerry Limited (BB) (Technology) with a 1Y correlation of 0.46, down from 0.59 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BlackBerry Limited | 0.46 | 0.52 | 0.59 | 94 | Technology |
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