Looking to diversify beyond IWV? The ETFs below have the lowest correlation with IWV — 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 IWV.
Best Diversifiers for IWV
332 ETFs have low correlation with IWV (below 0.3), 52 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.49 | — | — | 53 | Inverse Equities | IWV vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.49 | — | — | 60 | Inverse Equities, Leveraged Equities | IWV vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.46 | — | — | 65 | Derivative Income | IWV vs WNTR | |
| Return Stacked Bonds & Futures Yield ETF | -0.24 | — | — | 51 | Multistrategy | IWV vs RSBY | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.21 | — | — | 98 | Inflation-Protected Bonds | IWV vs IBIC |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IWV, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IWV and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.23, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.23 | -0.01 | 0.12 | 79 | Consumer Defensive | |
| The Coca-Cola Company | -0.21 | 0.04 | 0.20 | 82 | Consumer Defensive | |
| Waste Management, Inc. | -0.19 | 0.09 | 0.26 | 51 | Industrials | |
| Exxon Mobil Corporation | -0.18 | 0.06 | 0.20 | 71 | Energy | |
| Duke Energy Corporation | -0.17 | -0.01 | 0.10 | 63 | Utilities |
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Build a portfolio that complements IWV
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