Looking to diversify beyond IWR? The ETFs below have historically moved differently from IWR, 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 IWR
295 ETFs have low correlation with IWR (below 0.3), 49 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.44 | — | — | 61 | Inverse Equities, Leveraged Equities | IWR vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.44 | — | — | 52 | Inverse Equities | IWR vs SMST | |
| ProShares Short Bitcoin ETF | -0.42 | -0.37 | — | 61 | Cryptocurrency | IWR vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.42 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | IWR vs SBIT | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.41 | — | — | 75 | Derivative Income | IWR vs WNTR |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for IWR, 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 Chubb Limited (CB) (Financial Services) with a 1Y correlation of -0.04, down from 0.30 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chubb Limited | -0.04 | 0.17 | 0.30 | 89 | Financial Services | |
| Suncor Energy Inc. | -0.02 | 0.19 | 0.32 | 94 | Energy | |
| Walmart Inc. | -0.01 | 0.18 | 0.28 | 62 | Consumer Defensive | |
| PepsiCo, Inc. | 0.01 | 0.19 | 0.27 | 50 | Consumer Defensive | |
| AbbVie Inc. | 0.04 | 0.23 | 0.23 | 81 | Healthcare |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements IWR
Add IWR to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with IWR