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
304 ETFs have low correlation with IWO (below 0.3), 43 of which are negatively correlated. The least correlated is United States Gasoline Fund LP (UGA) (Oil & Gas) with a 1Y correlation of -0.21, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Gasoline Fund LP | -0.21 | -0.03 | 0.09 | 55 | Oil & Gas | IWO vs UGA | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.20 | — | — | 97 | Inflation-Protected Bonds | IWO vs RBIL | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.18 | — | — | 98 | Inflation-Protected Bonds | IWO vs IBIC | |
| ProShares UltraShort Yen | -0.18 | -0.07 | -0.04 | 63 | Leveraged Currency | IWO vs YCS | |
| WisdomTree Floating Rate Treasury Fund | -0.18 | -0.05 | -0.04 | 100 | Government Bonds, Ultrashort Bond | IWO vs USFR |
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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 0.38, down from 0.49 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Amazon.com, Inc | 0.38 | 0.41 | 0.49 | 54 | Consumer Cyclical |
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