Looking to diversify beyond IWS? The ETFs below have historically moved differently from IWS, 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 IWS
302 ETFs have low correlation with IWS (below 0.3), 46 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.40 | — | — | 52 | Inverse Equities | IWS vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.39 | — | — | 61 | Inverse Equities, Leveraged Equities | IWS vs MSTZ | |
| Proshares Ultrashort Bitcoin ETF | -0.38 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | IWS vs SBIT | |
| ProShares Short Bitcoin ETF | -0.38 | -0.34 | — | 61 | Cryptocurrency | IWS vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.36 | — | — | 75 | Derivative Income | IWS vs WNTR |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for IWS, 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 Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.02, down from 0.35 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.02 | 0.22 | 0.35 | 84 | Energy | |
| Chevron Corporation | -0.01 | 0.24 | 0.37 | 80 | Energy | |
| The Coca-Cola Company | 0.01 | 0.18 | 0.31 | 90 | Consumer Defensive | |
| Sunoco LP | 0.04 | 0.25 | 0.33 | 90 | Energy | |
| Walmart Inc. | 0.06 | 0.20 | 0.30 | 62 | Consumer Defensive |
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