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
459 ETFs have low correlation with IWFL (below 0.3), 103 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.29, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.29 | -0.08 | 0.05 | 71 | Oil & Gas | IWFL vs DBE | |
| United States Oil Fund LP | -0.29 | -0.07 | 0.04 | 66 | Oil & Gas | IWFL vs USO | |
| United States Brent Oil Fund LP | -0.28 | -0.06 | 0.04 | 65 | Oil & Gas | IWFL vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.27 | -0.06 | -0.06 | 56 | Derivative Income | IWFL vs USOY | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.26 | -0.08 | -0.08 | 98 | Inflation-Protected Bonds | IWFL vs IBIC |
See all 2181 diversifiers for IWFL
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