Looking to diversify beyond IWMI? The ETFs below have the lowest correlation with IWMI — 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 IWMI.
Best Diversifiers for IWMI
328 ETFs have low correlation with IWMI (below 0.3), 56 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.50 | — | — | 68 | Inverse Equities, Leveraged Equities | IWMI vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.50 | — | — | 60 | Inverse Equities | IWMI vs SMST | |
| ProShares Short Bitcoin ETF | -0.50 | — | — | 57 | Cryptocurrency | IWMI vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.50 | — | — | 52 | Cryptocurrency, Leveraged Cryptocurrency | IWMI vs SBIT | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.47 | — | — | 70 | Derivative Income | IWMI vs WNTR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IWMI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IWMI and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.18, roughly unchanged from -0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.18 | -0.08 | -0.08 | 81 | Consumer Defensive | |
| The Coca-Cola Company | -0.16 | -0.03 | -0.03 | 83 | Consumer Defensive | |
| Duke Energy Corporation | -0.14 | -0.06 | -0.06 | 66 | Utilities | |
| Waste Management, Inc. | -0.12 | 0.05 | 0.05 | 53 | Industrials | |
| Chubb Limited | -0.12 | 0.06 | 0.06 | 86 | Financial Services |
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