Looking to diversify beyond IWP? The ETFs below have the lowest correlation with IWP — 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 IWP.
Best Diversifiers for IWP
359 ETFs have low correlation with IWP (below 0.3), 63 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 | -0.45 | — | — | 53 | Inverse Equities | IWP vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.45 | -0.48 | -0.48 | 60 | Inverse Equities, Leveraged Equities | IWP vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.41 | — | — | 65 | Derivative Income | IWP vs WNTR | |
| United States Gasoline Fund LP | -0.22 | -0.05 | 0.07 | 72 | Oil & Gas | IWP vs UGA | |
| WisdomTree Floating Rate Treasury Fund | -0.20 | -0.04 | -0.02 | 100 | Government Bonds, Ultrashort Bond | IWP vs USFR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IWP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IWP and solid risk/return profiles. The least correlated is Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of -0.09, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.09 | 0.15 | 0.24 | 70 | Consumer Defensive | |
| AbbVie Inc. | -0.02 | 0.12 | 0.15 | 77 | Healthcare | |
| Unum Group | 0.21 | 0.28 | 0.33 | 59 | Financial Services | |
| Apple Inc | 0.29 | 0.36 | 0.52 | 90 | Technology | |
| RTX Corporation | 0.29 | 0.27 | 0.37 | 80 | Industrials |
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