Looking to diversify beyond IWY? The ETFs below have historically moved differently from IWY, 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 IWY
512 ETFs have low correlation with IWY (below 0.3), 103 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax MSTR Short Option Income Strategy ETF | -0.45 | — | — | 63 | Derivative Income | IWY vs WNTR | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.26 | -0.09 | -0.09 | 98 | Inflation-Protected Bonds | IWY vs IBIC | |
| Strive U.S. Energy ETF | -0.25 | -0.02 | 0.10 | 61 | Energy Equities | IWY vs DRLL | |
| MicroSectors U.S. Big Oil Index 3X Leveraged ETN | -0.25 | -0.05 | -0.05 | 64 | Leveraged Equities | IWY vs NRGU | |
| Invesco DB Energy Fund | -0.24 | -0.07 | 0.03 | 53 | Oil & Gas | IWY vs DBE |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for IWY, 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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.35, down from -0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.35 | -0.15 | -0.01 | 64 | Consumer Defensive | |
| Chubb Limited | -0.32 | -0.09 | 0.12 | 86 | Financial Services | |
| The Coca-Cola Company | -0.31 | -0.11 | 0.11 | 86 | Consumer Defensive | |
| Chevron Corporation | -0.30 | -0.07 | 0.08 | 76 | Energy | |
| Arch Capital Group Ltd. | -0.29 | -0.03 | 0.14 | 60 | Financial Services |
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