Looking to diversify beyond IYW? The ETFs below have the lowest correlation with IYW — 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 IYW.
Best Diversifiers for IYW
399 ETFs have low correlation with IYW (below 0.3), 53 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Brookstone Ultra-Short Bond ETF | -0.20 | — | — | 98 | Ultrashort Bond | IYW vs BAMU | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.20 | — | — | 98 | Inflation-Protected Bonds | IYW vs IBIC | |
| iShares Core High Dividend ETF | -0.18 | 0.04 | 0.27 | 64 | Dividend, Large Cap Value Equities | IYW vs HDV | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.18 | — | — | 95 | Inflation-Protected Bonds | IYW vs IBID | |
| 6 Meridian Hedged Equity-Index Option Strategy ETF | -0.18 | 0.01 | 0.19 | 56 | Volatility Hedged Equity | IYW vs SIXH |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IYW, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IYW and solid risk/return profiles. The least correlated is Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.36, down from -0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.36 | -0.24 | -0.07 | 62 | Utilities | |
| Altria Group, Inc. | -0.35 | -0.17 | -0.04 | 70 | Consumer Defensive | |
| The Southern Company | -0.29 | -0.20 | -0.02 | 55 | Utilities | |
| Chubb Limited | -0.28 | -0.10 | 0.07 | 68 | Financial Services | |
| The Coca-Cola Company | -0.28 | -0.14 | 0.06 | 74 | Consumer Defensive |
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