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
267 ETFs have low correlation with IWDL (below 0.3), 24 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.23, down from -0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.23 | -0.09 | -0.05 | 61 | Leveraged Currency | IWDL vs YCS | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.18 | -0.15 | -0.15 | 97 | Inflation-Protected Bonds | IWDL vs RBIL | |
| WisdomTree Floating Rate Treasury Fund | -0.15 | -0.04 | -0.03 | 100 | Government Bonds, Ultrashort Bond | IWDL vs USFR | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.15 | -0.02 | -0.02 | 98 | Inflation-Protected Bonds | IWDL vs IBIC | |
| iShares Enhanced Short-Term Bond Active ETF | -0.11 | 0.05 | 0.05 | 99 | Ultrashort Bond | IWDL vs CSHP |
See all 2064 diversifiers for IWDL
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