Looking to balance out your exposure to KBDCY? The ETFs below have the lowest correlation with KBDCY — they tend to move on their own, which can help reduce risk when KBDCY drops. The stock ideas table highlights individual companies that behave independently from KBDCY.
Best Diversifiers for KBDCY
1 ETFs have low correlation with KBDCY (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.00, roughly unchanged from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.00 | 0.00 | -0.01 | 70 | S&P 500 | KBDCY vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from KBDCY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to KBDCY and solid risk/return profiles. The least correlated is ARMOUR Residential REIT, Inc. (ARR) (Real Estate) with a 1Y correlation of -0.00, roughly unchanged from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ARMOUR Residential REIT, Inc. | -0.00 | 0.02 | -0.01 | 67 | Real Estate |
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