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
358 ETFs have low correlation with IWMI (below 0.3), 61 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.27, down from -0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.27 | -0.10 | -0.10 | 71 | Oil & Gas | IWMI vs DBE | |
| United States Oil Fund LP | -0.27 | — | — | 66 | Oil & Gas | IWMI vs USO | |
| United States Brent Oil Fund LP | -0.25 | — | — | 65 | Oil & Gas | IWMI vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.24 | — | — | 56 | Derivative Income | IWMI vs USOY | |
| United States 12 Month Oil Fund LP | -0.23 | -0.05 | -0.05 | 56 | Oil & Gas | IWMI vs USL |
To view more results, upgrade your current subscription plan.
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 -0.16, roughly unchanged from -0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.16 | -0.07 | -0.07 | 69 | Consumer Defensive | |
| Duke Energy Corporation | -0.09 | -0.03 | -0.03 | 53 | Utilities | |
| The Coca-Cola Company | -0.08 | -0.01 | -0.01 | 66 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.07 | 0.11 | 0.11 | 85 | Energy | |
| Chubb Limited | -0.06 | 0.08 | 0.08 | 51 | Financial Services |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements IWMI
Add IWMI to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with IWMI