Looking to diversify beyond IWMW? The ETFs below have the lowest correlation with IWMW — 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 IWMW.
Best Diversifiers for IWMW
325 ETFs have low correlation with IWMW (below 0.3), 48 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.48 | — | — | 53 | Inverse Equities | IWMW vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.48 | — | — | 60 | Inverse Equities, Leveraged Equities | IWMW vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.45 | — | — | 65 | Derivative Income | IWMW vs WNTR | |
| United States Gasoline Fund LP | -0.18 | — | — | 72 | Oil & Gas | IWMW vs UGA | |
| Return Stacked Bonds & Futures Yield ETF | -0.18 | — | — | 51 | Multistrategy | IWMW vs RSBY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IWMW, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IWMW and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Johnson & Johnson | -0.04 | — | — | 97 | Healthcare | |
| Diamondback Energy, Inc. | 0.02 | — | — | 74 | Energy | |
| BlackRock Capital Allocation Term Trust | 0.55 | 0.52 | 0.52 | 94 | Financial Services |
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