Looking to diversify beyond IWML? The ETFs below have the lowest correlation with IWML — 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 IWML.
Best Diversifiers for IWML
282 ETFs have low correlation with IWML (below 0.3), 36 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.24, down from -0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.24 | -0.11 | -0.05 | 61 | Leveraged Currency | IWML vs YCS | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.23 | — | — | 97 | Inflation-Protected Bonds | IWML vs RBIL | |
| iShares Enhanced Short-Term Bond Active ETF | -0.17 | — | — | 99 | Ultrashort Bond | IWML vs CSHP | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.17 | — | — | 98 | Inflation-Protected Bonds | IWML vs IBIC | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.16 | -0.10 | -0.04 | 100 | Government Bonds, Ultrashort Bond | IWML vs BIL |
See all 2064 diversifiers for IWML
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