Looking to diversify beyond IWX? The ETFs below have historically moved differently from IWX, 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 IWX
355 ETFs have low correlation with IWX (below 0.3), 48 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.39 | — | — | 61 | Inverse Equities, Leveraged Equities | IWX vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.38 | — | — | 52 | Inverse Equities | IWX vs SMST | |
| ProShares Short Bitcoin ETF | -0.37 | -0.29 | — | 61 | Cryptocurrency | IWX vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.37 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | IWX vs SBIT | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.35 | — | — | 75 | Derivative Income | IWX 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 IWX, 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 Palo Alto Networks, Inc. (PANW) (Technology) with a 1Y correlation of 0.15, down from 0.33 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Palo Alto Networks, Inc. | 0.15 | 0.25 | 0.33 | 88 | Technology | |
| Broadcom Inc. | 0.22 | 0.24 | 0.37 | 67 | Technology | |
| NVIDIA Corporation | 0.22 | 0.21 | 0.37 | 56 | Technology | |
| Gilead Sciences, Inc. | 0.25 | 0.35 | 0.38 | 65 | Healthcare | |
| AstraZeneca PLC | 0.28 | 0.33 | 0.35 | 66 | Healthcare |
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