Looking to diversify beyond IWMY? The ETFs below have the lowest correlation with IWMY — 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 IWMY.
Best Diversifiers for IWMY
302 ETFs have low correlation with IWMY (below 0.3), 56 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 | IWMY vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.48 | — | — | 60 | Inverse Equities, Leveraged Equities | IWMY vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.45 | — | — | 65 | Derivative Income | IWMY vs WNTR | |
| United States Gasoline Fund LP | -0.23 | — | — | 72 | Oil & Gas | IWMY vs UGA | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.19 | — | — | 97 | Inflation-Protected Bonds | IWMY vs RBIL |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IWMY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IWMY and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.16 | — | — | 82 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.15 | — | — | 71 | Energy | |
| Chevron Corporation | -0.11 | — | — | 67 | Energy | |
| Verizon Communications Inc. | -0.09 | -0.00 | -0.00 | 54 | Communication Services | |
| Walmart Inc. | -0.05 | 0.09 | 0.09 | 70 | Consumer Defensive |
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