Looking to diversify beyond IWFL? The ETFs below have the lowest correlation with IWFL — 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 IWFL.
Best Diversifiers for IWFL
481 ETFs have low correlation with IWFL (below 0.3), 97 of which are negatively correlated. The least correlated is Defiance Daily Target 2X Short MSTR ETF (SMST) (Inverse Equities) with a 1Y correlation of -0.48, roughly unchanged from -0.48 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.48 | -0.48 | -0.48 | 60 | Inverse Equities | IWFL vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.47 | — | — | 68 | Inverse Equities, Leveraged Equities | IWFL vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.46 | -0.35 | -0.38 | 57 | Cryptocurrency | IWFL vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.46 | -0.41 | -0.41 | 52 | Cryptocurrency, Leveraged Cryptocurrency | IWFL vs SBIT | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.45 | — | — | 70 | Derivative Income | IWFL vs WNTR |
See all 2037 diversifiers for IWFL
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