Looking to diversify beyond IWMW? The ETFs below have historically moved differently from IWMW, 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 IWMW
354 ETFs have low correlation with IWMW (below 0.3), 74 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.51 | — | — | 61 | Cryptocurrency | IWMW vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.51 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | IWMW vs SBIT | |
| Defiance Daily Target 2X Short MSTR ETF | -0.50 | — | — | 52 | Inverse Equities | IWMW vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.50 | — | — | 61 | Inverse Equities, Leveraged Equities | IWMW vs MSTZ | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.47 | — | — | 75 | Derivative Income | IWMW vs WNTR |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for IWMW, 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 Johnson & Johnson (JNJ) (Healthcare) with a 1Y correlation of -0.08, down from 0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Johnson & Johnson | -0.08 | 0.02 | 0.02 | 97 | Healthcare | |
| Diamondback Energy, Inc. | -0.05 | 0.15 | 0.15 | 79 | Energy | |
| Federal Agricultural Mortgage Corporation | 0.30 | — | — | 73 | Financial Services | |
| BlackRock Capital Allocation Term Trust | 0.57 | 0.52 | 0.52 | 95 | Financial Services |
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