Looking to diversify beyond IWO? The ETFs below have historically moved differently from IWO, 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 IWO
344 ETFs have low correlation with IWO (below 0.3), 79 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax MSTR Short Option Income Strategy ETF | -0.49 | — | — | 63 | Derivative Income | IWO vs WNTR | |
| Invesco DB Energy Fund | -0.28 | -0.07 | 0.08 | 53 | Oil & Gas | IWO vs DBE | |
| United States Gasoline Fund, LP | -0.23 | -0.04 | 0.07 | 74 | Oil & Gas | IWO vs UGA | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.20 | -0.20 | -0.20 | 97 | Inflation-Protected Bonds | IWO vs RBIL | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.20 | -0.03 | -0.03 | 98 | Inflation-Protected Bonds | IWO vs IBIC |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for IWO, 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 Amazon.com, Inc (AMZN) (Consumer Cyclical) with a 1Y correlation of 0.43, down from 0.56 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Amazon.com, Inc | 0.43 | 0.46 | 0.56 | 70 | Consumer Cyclical |
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