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
400 ETFs have low correlation with IWF (below 0.3), 51 of which are negatively correlated. The least correlated is YieldMax Short MSTR Option Income Strategy ETF (WNTR) (Derivative Income) with a 1Y correlation of -0.45, roughly unchanged from -0.48 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax Short MSTR Option Income Strategy ETF | -0.45 | -0.48 | -0.48 | 51 | Derivative Income | IWF vs WNTR | |
| Direxion Daily NFLX Bear 1X Shares | -0.25 | — | — | 63 | Inverse Equities | IWF vs NFXS | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.24 | — | — | 98 | Inflation-Protected Bonds | IWF vs IBIC | |
| United States Gasoline Fund LP | -0.21 | -0.05 | 0.04 | 60 | Oil & Gas | IWF vs UGA | |
| Brookstone Ultra-Short Bond ETF | -0.18 | — | — | 99 | Ultrashort Bond | IWF vs BAMU |
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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 Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.27, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.27 | -0.08 | 0.06 | 74 | Energy | |
| Duke Energy Corporation | -0.27 | -0.15 | -0.01 | 64 | Utilities | |
| The Coca-Cola Company | -0.26 | -0.08 | 0.11 | 74 | Consumer Defensive | |
| Chevron Corporation | -0.25 | -0.05 | 0.09 | 70 | Energy | |
| Altria Group, Inc. | -0.25 | -0.09 | 0.02 | 74 | Consumer Defensive |
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Build a portfolio that complements IWF
Add IWF to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with IWF