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
267 ETFs have low correlation with IWD (below 0.3), 27 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.24, down from -0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.24 | -0.10 | -0.06 | 63 | Leveraged Currency | IWD vs YCS | |
| United States Gasoline Fund LP | -0.21 | -0.01 | 0.13 | 55 | Oil & Gas | IWD vs UGA | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.16 | — | — | 97 | Inflation-Protected Bonds | IWD vs RBIL | |
| WisdomTree Floating Rate Treasury Fund | -0.15 | -0.03 | -0.03 | 100 | Government Bonds, Ultrashort Bond | IWD vs USFR | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.13 | — | — | 98 | Inflation-Protected Bonds | IWD vs IBIC |
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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 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.02 | 0.22 | 0.32 | 72 | Consumer Defensive | |
| Exxon Mobil Corporation | 0.02 | 0.28 | 0.38 | 72 | Energy | |
| Petróleo Brasileiro S.A. - Petrobras | 0.03 | 0.20 | 0.23 | 75 | Energy | |
| Chevron Corporation | 0.03 | 0.29 | 0.39 | 70 | Energy | |
| ConocoPhillips Company | 0.04 | 0.27 | 0.37 | 65 | Energy |
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Build a portfolio that complements IWD
Add IWD to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
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