Looking to diversify beyond KARS? The ETFs below have the lowest correlation with KARS — 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 KARS.
Best Diversifiers for KARS
483 ETFs have low correlation with KARS (below 0.3), 47 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.39, roughly unchanged from -0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.39 | -0.27 | -0.32 | 57 | Cryptocurrency | KARS vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.39 | -0.30 | -0.30 | 52 | Cryptocurrency, Leveraged Cryptocurrency | KARS vs SBIT | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.38 | — | — | 70 | Derivative Income | KARS vs WNTR | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.37 | — | — | 68 | Inverse Equities, Leveraged Equities | KARS vs MSTZ | |
| Invesco DB US Dollar Index Bullish Fund | -0.27 | -0.34 | -0.37 | 51 | Currency | KARS vs UUP |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from KARS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to KARS and solid risk/return profiles. The least correlated is TeraWulf Inc. (WULF) (Technology) with a 1Y correlation of 0.36, roughly unchanged from 0.33 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| TeraWulf Inc. | 0.36 | 0.33 | — | 96 | Technology |
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