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
299 ETFs have low correlation with IWP (below 0.3), 35 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.18, down from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.18 | -0.04 | -0.03 | 61 | Leveraged Currency | IWP vs YCS | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.17 | — | — | 98 | Inflation-Protected Bonds | IWP vs IBIC | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.17 | — | — | 95 | Inflation-Protected Bonds | IWP vs IBID | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.16 | — | — | 97 | Inflation-Protected Bonds | IWP vs RBIL | |
| iShares Enhanced Short-Term Bond Active ETF | -0.16 | 0.04 | 0.04 | 99 | Ultrashort Bond | IWP vs CSHP |
To view more results, upgrade your current subscription plan.
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 -0.06, down from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.06 | 0.17 | 0.25 | 69 | Consumer Defensive | |
| AbbVie Inc. | 0.01 | 0.13 | 0.16 | 71 | Healthcare | |
| Unum Group | 0.22 | 0.27 | 0.30 | 62 | Financial Services | |
| Apple Inc | 0.30 | 0.38 | 0.54 | 88 | Technology | |
| RTX Corporation | 0.31 | 0.26 | 0.34 | 70 | Industrials |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements IWP
Add IWP to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with IWP