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
356 ETFs have low correlation with IWS (below 0.3), 45 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.23, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.23 | -0.01 | 0.15 | 71 | Oil & Gas | IWS vs DBE | |
| United States Oil Fund LP | -0.22 | -0.01 | 0.14 | 66 | Oil & Gas | IWS vs USO | |
| United States Brent Oil Fund LP | -0.22 | 0.00 | 0.14 | 65 | Oil & Gas | IWS vs BNO | |
| United States Gasoline Fund LP | -0.20 | -0.01 | 0.13 | 71 | Oil & Gas | IWS vs UGA | |
| United States 12 Month Oil Fund LP | -0.19 | 0.02 | 0.16 | 56 | Oil & Gas | IWS vs USL |
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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 0.05, down from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | 0.05 | 0.19 | 0.33 | 63 | Consumer Defensive | |
| Exxon Mobil Corporation | 0.05 | 0.27 | 0.38 | 85 | Energy | |
| Chevron Corporation | 0.07 | 0.27 | 0.37 | 83 | Energy | |
| Energy Transfer LP | 0.07 | 0.32 | 0.41 | 73 | Energy | |
| Walmart Inc. | 0.08 | 0.20 | 0.31 | 59 | Consumer Defensive |
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