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
484 ETFs have low correlation with IYW (below 0.3), 87 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 | — | — | 53 | Inverse Equities | IYW vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.45 | — | — | 60 | Inverse Equities, Leveraged Equities | IYW vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.43 | — | — | 65 | Derivative Income | IYW vs WNTR | |
| iShares Core High Dividend ETF | -0.24 | 0.00 | 0.25 | 72 | Dividend, Large Cap Value Equities | IYW vs HDV | |
| Return Stacked Bonds & Futures Yield ETF | -0.23 | — | — | 51 | Multistrategy | IYW vs RSBY |
To view more results, upgrade your current subscription plan.
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 -0.40, down from -0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.40 | -0.26 | -0.08 | 63 | Utilities | |
| Waste Management, Inc. | -0.39 | -0.09 | 0.11 | 51 | Industrials | |
| Altria Group, Inc. | -0.38 | -0.19 | -0.05 | 79 | Consumer Defensive | |
| The Southern Company | -0.34 | -0.22 | -0.03 | 55 | Utilities | |
| Chubb Limited | -0.34 | -0.12 | 0.06 | 83 | Financial Services |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements IYW
Add IYW to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with IYW