Looking to diversify beyond KBDU? The ETFs below have the lowest correlation with KBDU — 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 KBDU.
Best Diversifiers for KBDU
3 ETFs have low correlation with KBDU (below 0.3), 0 of which are negatively correlated. The least correlated is KraneShares Asia Pacific High Income Bond ETF (KHYB) (Emerging Markets Bonds) with a 1Y correlation of 0.23, roughly unchanged from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| KraneShares Asia Pacific High Income Bond ETF | 0.23 | 0.23 | 0.23 | 78 | Emerging Markets Bonds | KBDU vs KHYB | |
| Leverage Shares 2X Long TSM Daily ETF | 0.29 | 0.29 | 0.29 | 91 | Leveraged Equities | KBDU vs TSMG | |
| Innovator Growth Accelerated Plus ETF - April | 0.30 | 0.30 | 0.30 | 98 | Leveraged Equities | KBDU vs QTAP | |
| Leverage Shares 2X Long ARM Daily ETF | 0.34 | 0.34 | 0.34 | 83 | Leveraged Equities | KBDU vs ARMG | |
| Direxion Daily MU Bull 2X Shares | 0.41 | 0.41 | — | 99 | Leveraged Equities | KBDU vs MUU |
See all 6 diversifiers for KBDU
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