Looking to diversify beyond IWN? The ETFs below have the lowest correlation with IWN — 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 IWN.
Best Diversifiers for IWN
282 ETFs have low correlation with IWN (below 0.3), 30 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.24, down from -0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.24 | -0.12 | -0.06 | 61 | Leveraged Currency | IWN vs YCS | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.18 | — | — | 97 | Inflation-Protected Bonds | IWN vs RBIL | |
| WisdomTree Floating Rate Treasury Fund | -0.18 | -0.05 | -0.03 | 100 | Government Bonds, Ultrashort Bond | IWN vs USFR | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.15 | — | — | 98 | Inflation-Protected Bonds | IWN vs IBIC | |
| iShares Enhanced Short-Term Bond Active ETF | -0.14 | — | — | 99 | Ultrashort Bond | IWN vs CSHP |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IWN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IWN and solid risk/return profiles. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.05, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.05 | 0.10 | 0.21 | 74 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.03 | 0.20 | 0.32 | 68 | Energy | |
| Chevron Corporation | 0.01 | 0.26 | 0.38 | 68 | Energy | |
| Walmart Inc. | 0.03 | 0.13 | 0.21 | 69 | Consumer Defensive | |
| Verizon Communications Inc. | 0.07 | 0.14 | 0.22 | 63 | Communication Services |
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