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
409 ETFs have low correlation with IWLG (below 0.3), 52 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 -0.46 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 | -0.46 | -0.46 | 51 | Derivative Income | IWLG vs WNTR | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.25 | — | — | 98 | Inflation-Protected Bonds | IWLG vs IBIC | |
| Direxion Daily NFLX Bear 1X Shares | -0.23 | — | — | 63 | Inverse Equities | IWLG vs NFXS | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.21 | — | — | 97 | Inflation-Protected Bonds | IWLG vs RBIL | |
| United States Gasoline Fund LP | -0.20 | -0.07 | — | 60 | Oil & Gas | IWLG vs UGA |
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