Looking to diversify beyond IWLG? The ETFs below have the lowest correlation with IWLG — 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 IWLG.
Best Diversifiers for IWLG
457 ETFs have low correlation with IWLG (below 0.3), 114 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.32, down from 0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.32 | -0.09 | 0.00 | 66 | Oil & Gas | IWLG vs USO | |
| Invesco DB Energy Fund | -0.31 | -0.10 | — | 71 | Oil & Gas | IWLG vs DBE | |
| United States Brent Oil Fund LP | -0.29 | -0.08 | 0.01 | 65 | Oil & Gas | IWLG vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.29 | — | — | 55 | Derivative Income | IWLG vs USOY | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.29 | — | — | 98 | Inflation-Protected Bonds | IWLG vs RBIL |
See all 2168 diversifiers for IWLG
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements IWLG
Add IWLG to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with IWLG