Looking to diversify beyond IWMI? The ETFs below have historically moved differently from IWMI, 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 IWMI
287 ETFs have low correlation with IWMI (below 0.3), 69 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 | -0.49 | — | — | 63 | Derivative Income | IWMI vs WNTR | |
| Invesco DB Energy Fund | -0.30 | -0.13 | -0.13 | 53 | Oil & Gas | IWMI vs DBE | |
| United States Gasoline Fund, LP | -0.24 | -0.08 | -0.08 | 74 | Oil & Gas | IWMI vs UGA | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.20 | -0.04 | -0.04 | 50 | Commodities | IWMI vs GSG | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.20 | -0.19 | — | 97 | Inflation-Protected Bonds | IWMI vs RBIL |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for IWMI, 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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.19, down from -0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.19 | -0.09 | -0.09 | 64 | Consumer Defensive | |
| The Coca-Cola Company | -0.18 | -0.05 | -0.05 | 86 | Consumer Defensive | |
| Chubb Limited | -0.16 | 0.04 | 0.04 | 86 | Financial Services | |
| Exxon Mobil Corporation | -0.14 | 0.07 | 0.07 | 85 | Energy | |
| Chevron Corporation | -0.13 | 0.08 | 0.08 | 76 | Energy |
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