Looking to diversify beyond IWS? The ETFs below have the lowest correlation with IWS — 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 IWS.
Best Diversifiers for IWS
294 ETFs have low correlation with IWS (below 0.3), 38 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.40, roughly unchanged from -0.35 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.40 | -0.35 | — | 57 | Cryptocurrency | IWS vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.40 | — | — | 52 | Cryptocurrency, Leveraged Cryptocurrency | IWS vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.40 | — | — | 68 | Inverse Equities, Leveraged Equities | IWS vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.40 | — | — | 60 | Inverse Equities | IWS vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.37 | — | — | 70 | Derivative Income | IWS vs WNTR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IWS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IWS and solid risk/return profiles. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.02, down from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.02 | 0.17 | 0.31 | 83 | Consumer Defensive | |
| Exxon Mobil Corporation | 0.01 | 0.23 | 0.36 | 75 | Energy | |
| Walmart Inc. | 0.02 | 0.19 | 0.29 | 71 | Consumer Defensive | |
| Chevron Corporation | 0.03 | 0.24 | 0.36 | 70 | Energy | |
| Sunoco LP | 0.04 | 0.26 | 0.34 | 86 | Energy |
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