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
481 ETFs have low correlation with IWY (below 0.3), 101 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 | -0.46 | — | — | 56 | Inverse Equities | IWY vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.45 | — | — | 65 | Inverse Equities, Leveraged Equities | IWY vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.44 | -0.34 | — | 53 | Cryptocurrency | IWY vs BITI | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.44 | — | — | 70 | Derivative Income | IWY vs WNTR | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.26 | — | — | 98 | Inflation-Protected Bonds | IWY vs IBIC |
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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 Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.35, down from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.35 | -0.19 | -0.01 | 65 | Utilities | |
| Altria Group, Inc. | -0.33 | -0.14 | 0.00 | 78 | Consumer Defensive | |
| Verizon Communications Inc. | -0.30 | -0.14 | 0.01 | 57 | Communication Services | |
| The Southern Company | -0.29 | -0.16 | 0.03 | 58 | Utilities | |
| Chubb Limited | -0.29 | -0.08 | 0.13 | 83 | Financial Services |
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