Looking to diversify beyond IWD? The ETFs below have the lowest correlation with IWD — 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 IWD.
Best Diversifiers for IWD
348 ETFs have low correlation with IWD (below 0.3), 48 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.25, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.25 | -0.02 | 0.15 | 71 | Oil & Gas | IWD vs DBE | |
| United States Oil Fund LP | -0.24 | -0.00 | 0.14 | 66 | Oil & Gas | IWD vs USO | |
| United States Brent Oil Fund LP | -0.23 | -0.00 | 0.14 | 65 | Oil & Gas | IWD vs BNO | |
| Invesco DB Oil Fund | -0.22 | 0.01 | 0.16 | 65 | Oil & Gas | IWD vs DBO | |
| United States 12 Month Oil Fund LP | -0.22 | 0.02 | 0.17 | 56 | Oil & Gas | IWD vs USL |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IWD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IWD and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.02, down from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.02 | 0.24 | 0.33 | 69 | Consumer Defensive | |
| Petróleo Brasileiro S.A. - Petrobras | 0.02 | 0.20 | 0.24 | 86 | Energy | |
| BP p.l.c. | 0.04 | 0.25 | 0.36 | 87 | Energy | |
| Exxon Mobil Corporation | 0.05 | 0.30 | 0.40 | 85 | Energy | |
| ConocoPhillips Company | 0.07 | 0.29 | 0.38 | 76 | Energy |
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