Looking to diversify beyond IWO? The ETFs below have the lowest correlation with IWO — 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 IWO.
Best Diversifiers for IWO
381 ETFs have low correlation with IWO (below 0.3), 70 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 | -0.51 | — | — | 53 | Inverse Equities | IWO vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.50 | — | — | 61 | Inverse Equities, Leveraged Equities | IWO vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.48 | — | — | 69 | Derivative Income | IWO vs WNTR | |
| Alpha Architect Tail Risk ETF | -0.29 | -0.11 | 0.01 | 53 | Options Trading | IWO vs CAOS | |
| Invesco DB Energy Fund | -0.27 | -0.06 | 0.09 | 58 | Oil & Gas | IWO vs DBE |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IWO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IWO and solid risk/return profiles. The least correlated is Amazon.com, Inc (AMZN) (Consumer Cyclical) with a 1Y correlation of 0.40, down from 0.56 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Amazon.com, Inc | 0.40 | 0.45 | 0.56 | 57 | Consumer Cyclical |
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