Looking to diversify beyond IWR? The ETFs below have the lowest correlation with IWR — 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 IWR.
Best Diversifiers for IWR
279 ETFs have low correlation with IWR (below 0.3), 38 of which are negatively correlated. The least correlated is Defiance Daily Target 2X Short MSTR ETF (SMST) (Inverse Equities) with a 1Y correlation of -0.42, roughly unchanged from -0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.43 | -0.44 | -0.44 | 53 | Inverse Equities | IWR vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.42 | -0.44 | -0.44 | 60 | Inverse Equities, Leveraged Equities | IWR vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.39 | — | — | 65 | Derivative Income | IWR vs WNTR | |
| United States Gasoline Fund LP | -0.19 | -0.03 | 0.11 | 72 | Oil & Gas | IWR vs UGA | |
| Return Stacked Bonds & Futures Yield ETF | -0.18 | — | — | 51 | Multistrategy | IWR vs RSBY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IWR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IWR and solid risk/return profiles. The least correlated is Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of -0.02, down from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.02 | 0.18 | 0.28 | 70 | Consumer Defensive | |
| Chubb Limited | -0.02 | 0.17 | 0.34 | 83 | Financial Services | |
| Suncor Energy Inc. | 0.04 | 0.22 | 0.34 | 89 | Energy | |
| PepsiCo, Inc. | 0.04 | 0.19 | 0.26 | 50 | Consumer Defensive | |
| AbbVie Inc. | 0.08 | 0.23 | 0.24 | 77 | Healthcare |
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Build a portfolio that complements IWR
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