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
301 ETFs have low correlation with IWN (below 0.3), 45 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.41 | — | — | 60 | Inverse Equities, Leveraged Equities | IWN vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.41 | — | — | 53 | Inverse Equities | IWN vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.38 | — | — | 65 | Derivative Income | IWN vs WNTR | |
| United States Gasoline Fund LP | -0.19 | 0.00 | 0.13 | 72 | Oil & Gas | IWN vs UGA | |
| ProShares UltraShort Yen | -0.19 | -0.11 | -0.06 | 75 | Leveraged Currency | IWN vs YCS |
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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 -0.07, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.07 | 0.10 | 0.21 | 82 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.05 | 0.19 | 0.31 | 71 | Energy | |
| Chevron Corporation | -0.03 | 0.24 | 0.37 | 67 | Energy | |
| Walmart Inc. | 0.02 | 0.13 | 0.22 | 70 | Consumer Defensive | |
| Sunoco LP | 0.05 | 0.25 | 0.33 | 85 | Energy |
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