Looking to diversify beyond IWX? The ETFs below have the lowest correlation with IWX — 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 IWX.
Best Diversifiers for IWX
271 ETFs have low correlation with IWX (below 0.3), 28 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.24, down from -0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.24 | -0.09 | -0.05 | 61 | Leveraged Currency | IWX vs YCS | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.17 | — | — | 97 | Inflation-Protected Bonds | IWX vs RBIL | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.14 | — | — | 98 | Inflation-Protected Bonds | IWX vs IBIC | |
| WisdomTree Floating Rate Treasury Fund | -0.13 | -0.04 | -0.03 | 100 | Government Bonds, Ultrashort Bond | IWX vs USFR | |
| First Trust Alternative Absolute Return Strategy E... | -0.10 | 0.01 | 0.06 | 70 | Commodities | IWX vs FAAR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IWX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IWX and solid risk/return profiles. The least correlated is Palo Alto Networks, Inc. (PANW) (Technology) with a 1Y correlation of 0.18, down from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Palo Alto Networks, Inc. | 0.18 | 0.24 | 0.29 | 69 | Technology | |
| NVIDIA Corporation | 0.20 | 0.19 | 0.33 | 76 | Technology | |
| Broadcom Inc. | 0.25 | 0.26 | 0.37 | 75 | Technology | |
| AstraZeneca PLC | 0.29 | 0.34 | 0.36 | 74 | Healthcare | |
| Gilead Sciences, Inc. | 0.31 | 0.36 | 0.38 | 61 | Healthcare |
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