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
387 ETFs have low correlation with IWO (below 0.3), 76 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.28, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.28 | -0.04 | 0.10 | 71 | Oil & Gas | IWO vs DBE | |
| United States Oil Fund LP | -0.27 | -0.02 | 0.09 | 66 | Oil & Gas | IWO vs USO | |
| Defiance Oil Enhanced Options Income ETF | -0.25 | -0.05 | -0.05 | 56 | Derivative Income | IWO vs USOY | |
| United States Brent Oil Fund LP | -0.25 | -0.02 | 0.09 | 65 | Oil & Gas | IWO vs BNO | |
| Invesco DB Oil Fund | -0.23 | -0.00 | 0.11 | 65 | Oil & Gas | IWO vs DBO |
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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 0.41, down from 0.56 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Amazon.com, Inc | 0.41 | 0.46 | 0.56 | 60 | Consumer Cyclical |
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