Looking to diversify beyond IWD? The ETFs below have historically moved differently from IWD, 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 IWD
320 ETFs have low correlation with IWD (below 0.3), 51 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.39 | — | — | 61 | Inverse Equities, Leveraged Equities | IWD vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.39 | — | — | 52 | Inverse Equities | IWD vs SMST | |
| ProShares Short Bitcoin ETF | -0.38 | -0.32 | — | 61 | Cryptocurrency | IWD vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.37 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | IWD vs SBIT | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.36 | — | — | 75 | Derivative Income | IWD vs WNTR |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for IWD, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Occidental Petroleum Corporation (OXY) (Energy) with a 1Y correlation of -0.02, down from 0.35 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Occidental Petroleum Corporation | -0.02 | 0.23 | 0.35 | 70 | Energy | |
| Altria Group, Inc. | -0.00 | 0.22 | 0.31 | 66 | Consumer Defensive | |
| Petróleo Brasileiro S.A. - Petrobras | -0.00 | 0.20 | 0.24 | 85 | Energy | |
| Devon Energy Corporation | 0.00 | 0.29 | 0.41 | 76 | Energy | |
| Exxon Mobil Corporation | 0.01 | 0.26 | 0.37 | 84 | Energy |
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