Looking to diversify beyond KBE? The ETFs below have historically moved differently from KBE, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for KBE
718 ETFs have low correlation with KBE (below 0.3), 76 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.27, down from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.27 | -0.08 | 0.08 | 72 | Oil & Gas | KBE vs DBE | |
| Alpha Architect Tail Risk ETF | -0.26 | -0.11 | — | 56 | Options Trading | KBE vs CAOS | |
| United States Brent Oil Fund LP | -0.26 | -0.07 | 0.07 | 52 | Oil & Gas | KBE vs BNO | |
| United States Oil Fund LP | -0.25 | -0.07 | 0.08 | 55 | Oil & Gas | KBE vs USO | |
| Invesco DB Oil Fund | -0.25 | -0.06 | 0.08 | 58 | Oil & Gas | KBE vs DBO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for KBE, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is The Goldman Sachs Group, Inc. (GS) (Financial Services) with a 1Y correlation of 0.49, down from 0.68 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Goldman Sachs Group, Inc. | 0.49 | 0.63 | 0.68 | 81 | Financial Services | |
| Canadian Imperial Bank of Commerce | 0.50 | 0.55 | 0.63 | 98 | Financial Services |
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