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
440 ETFs have low correlation with KARS (below 0.3), 44 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.21, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.21 | 0.03 | 0.11 | 66 | Oil & Gas | KARS vs USO | |
| Defiance Oil Enhanced Options Income ETF | -0.20 | — | — | 56 | Derivative Income | KARS vs USOY | |
| Invesco DB Energy Fund | -0.20 | 0.04 | 0.13 | 71 | Oil & Gas | KARS vs DBE | |
| United States Brent Oil Fund LP | -0.19 | 0.05 | 0.12 | 65 | Oil & Gas | KARS vs BNO | |
| Invesco DB Oil Fund | -0.17 | 0.05 | 0.12 | 65 | Oil & Gas | KARS vs DBO |
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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) (Financial Services) with a 1Y correlation of 0.34, roughly unchanged from 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| TeraWulf Inc. | 0.34 | 0.31 | 0.34 | 97 | Financial Services |
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