Looking to diversify beyond IWP? The ETFs below have historically moved differently from IWP, 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 IWP
392 ETFs have low correlation with IWP (below 0.3), 92 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.46, roughly unchanged from -0.37 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.46 | -0.37 | — | 51 | Cryptocurrency | IWP vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.45 | — | — | 69 | Derivative Income | IWP vs WNTR | |
| Invesco DB Energy Fund | -0.27 | -0.09 | 0.05 | 66 | Oil & Gas | IWP vs DBE | |
| United States Gasoline Fund, LP | -0.25 | -0.06 | 0.05 | 83 | Oil & Gas | IWP vs UGA | |
| FolioBeyond Alternative Income and Interest Rate H... | -0.21 | -0.14 | -0.09 | 51 | Nontraditional Bonds | IWP vs RISR |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for IWP, 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 Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of -0.14, down from 0.23 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.14 | 0.13 | 0.23 | 60 | Consumer Defensive | |
| AbbVie Inc. | -0.06 | 0.12 | 0.14 | 76 | Healthcare | |
| Berkshire Hathaway Inc. | 0.01 | 0.27 | 0.41 | 61 | Financial Services | |
| Unum Group | 0.19 | 0.29 | 0.33 | 83 | Financial Services | |
| Visa Inc. | 0.20 | 0.38 | 0.50 | 55 | Financial Services |
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