Looking to diversify beyond IWDL? The ETFs below have the lowest correlation with IWDL — 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 IWDL.
Best Diversifiers for IWDL
303 ETFs have low correlation with IWDL (below 0.3), 34 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.39 | — | — | 60 | Inverse Equities, Leveraged Equities | IWDL vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.39 | — | — | 53 | Inverse Equities | IWDL vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.37 | — | — | 65 | Derivative Income | IWDL vs WNTR | |
| ProShares UltraShort Yen | -0.21 | -0.09 | -0.06 | 75 | Leveraged Currency | IWDL vs YCS | |
| Return Stacked Bonds & Futures Yield ETF | -0.19 | — | — | 51 | Multistrategy | IWDL vs RSBY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IWDL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IWDL and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BrightSpring Health Services, Inc | 0.42 | — | — | 99 | Healthcare | |
| Interactive Brokers Group, Inc. | 0.48 | 0.41 | 0.49 | 85 | Financial Services |
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