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
300 ETFs have low correlation with IWD (below 0.3), 41 of which are negatively correlated. The least correlated is T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) (Inverse Equities) with a 1Y correlation of -0.39, roughly unchanged from -0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.39 | -0.36 | -0.36 | 68 | Inverse Equities, Leveraged Equities | IWD vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.39 | -0.36 | -0.36 | 60 | Inverse Equities | IWD vs SMST | |
| ProShares Short Bitcoin ETF | -0.39 | -0.32 | -0.35 | 57 | Cryptocurrency | IWD vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.39 | -0.36 | -0.36 | 52 | Cryptocurrency, Leveraged Cryptocurrency | IWD vs SBIT | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.37 | — | — | 70 | Derivative Income | IWD vs WNTR |
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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 -0.01, down from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.01 | 0.22 | 0.32 | 81 | Consumer Defensive | |
| Exxon Mobil Corporation | 0.02 | 0.27 | 0.38 | 75 | Energy | |
| Occidental Petroleum Corporation | 0.03 | 0.26 | 0.36 | 62 | Energy | |
| Petróleo Brasileiro S.A. - Petrobras | 0.03 | 0.20 | 0.24 | 80 | Energy | |
| The Coca-Cola Company | 0.04 | 0.25 | 0.38 | 83 | Consumer Defensive |
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