Looking to diversify beyond IWM? The ETFs below have historically moved differently from IWM, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for IWM
296 ETFs have low correlation with IWM (below 0.3), 70 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax MSTR Short Option Income Strategy ETF | -0.47 | — | — | 63 | Derivative Income | IWM vs WNTR | |
| Invesco DB Energy Fund | -0.31 | -0.07 | 0.10 | 53 | Oil & Gas | IWM vs DBE | |
| United States Gasoline Fund, LP | -0.23 | -0.03 | 0.10 | 74 | Oil & Gas | IWM vs UGA | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.21 | 0.02 | 0.15 | 50 | Commodities | IWM vs GSG | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.20 | -0.19 | -0.19 | 97 | Inflation-Protected Bonds | IWM vs RBIL |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for IWM, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Consolidated Edison, Inc. (ED) (Utilities) with a 1Y correlation of -0.23, down from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Consolidated Edison, Inc. | -0.23 | -0.01 | 0.09 | 53 | Utilities | |
| Altria Group, Inc. | -0.21 | 0.02 | 0.15 | 64 | Consumer Defensive | |
| Equinor ASA | -0.19 | 0.07 | 0.19 | 83 | Energy | |
| The Coca-Cola Company | -0.17 | 0.03 | 0.17 | 86 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.15 | 0.15 | 0.27 | 85 | Energy |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements IWM
Add IWM to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with IWM