Looking to diversify beyond IWF? The ETFs below have the lowest correlation with IWF — 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 IWF.
Best Diversifiers for IWF
447 ETFs have low correlation with IWF (below 0.3), 98 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.32, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.32 | -0.09 | 0.04 | 71 | Oil & Gas | IWF vs DBE | |
| United States Oil Fund LP | -0.31 | -0.07 | 0.03 | 66 | Oil & Gas | IWF vs USO | |
| United States Brent Oil Fund LP | -0.30 | -0.08 | 0.03 | 65 | Oil & Gas | IWF vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.29 | -0.07 | -0.07 | 56 | Derivative Income | IWF vs USOY | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.28 | — | — | 98 | Inflation-Protected Bonds | IWF vs IBIC |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IWF, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IWF and solid risk/return profiles. The least correlated is Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.26, down from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.26 | -0.15 | -0.01 | 53 | Utilities | |
| Exxon Mobil Corporation | -0.25 | -0.07 | 0.06 | 85 | Energy | |
| Altria Group, Inc. | -0.23 | -0.07 | 0.03 | 69 | Consumer Defensive | |
| Chevron Corporation | -0.23 | -0.04 | 0.09 | 83 | Energy | |
| ConocoPhillips Company | -0.23 | -0.04 | 0.08 | 76 | Energy |
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