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
472 ETFs have low correlation with IWF (below 0.3), 98 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.45 | — | — | 56 | Inverse Equities | IWF vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.45 | — | — | 65 | Inverse Equities, Leveraged Equities | IWF vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.43 | -0.35 | -0.38 | 53 | Cryptocurrency | IWF vs BITI | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.43 | — | — | 70 | Derivative Income | IWF vs WNTR | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.25 | — | — | 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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.33, down from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.33 | -0.13 | 0.01 | 78 | Consumer Defensive | |
| Duke Energy Corporation | -0.31 | -0.16 | -0.02 | 65 | Utilities | |
| Verizon Communications Inc. | -0.29 | -0.13 | 0.01 | 57 | Communication Services | |
| Chubb Limited | -0.29 | -0.07 | 0.14 | 83 | Financial Services | |
| Occidental Petroleum Corporation | -0.29 | -0.03 | 0.10 | 64 | Energy |
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