Looking to diversify beyond IWY? The ETFs below have the lowest correlation with IWY — 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 IWY.
Best Diversifiers for IWY
410 ETFs have low correlation with IWY (below 0.3), 54 of which are negatively correlated. The least correlated is YieldMax Short MSTR Option Income Strategy ETF (WNTR) (Derivative Income) with a 1Y correlation of -0.45, roughly unchanged from -0.47 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax Short MSTR Option Income Strategy ETF | -0.45 | -0.47 | -0.47 | 51 | Derivative Income | IWY vs WNTR | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.26 | — | — | 98 | Inflation-Protected Bonds | IWY vs IBIC | |
| Direxion Daily NFLX Bear 1X Shares | -0.25 | — | — | 63 | Inverse Equities | IWY vs NFXS | |
| United States Gasoline Fund LP | -0.19 | -0.05 | 0.04 | 60 | Oil & Gas | IWY vs UGA | |
| Brookstone Ultra-Short Bond ETF | -0.18 | — | — | 99 | Ultrashort Bond | IWY vs BAMU |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IWY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IWY and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.29, down from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.29 | -0.12 | 0.01 | 74 | Consumer Defensive | |
| Duke Energy Corporation | -0.28 | -0.15 | -0.01 | 64 | Utilities | |
| Exxon Mobil Corporation | -0.27 | -0.08 | 0.05 | 74 | Energy | |
| The Coca-Cola Company | -0.26 | -0.08 | 0.12 | 74 | Consumer Defensive | |
| Chevron Corporation | -0.25 | -0.05 | 0.08 | 70 | Energy |
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