Looking to diversify beyond KBWB? The ETFs below have the lowest correlation with KBWB — 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 KBWB.
Best Diversifiers for KBWB
518 ETFs have low correlation with KBWB (below 0.3), 69 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Return Stacked Bonds & Futures Yield ETF | -0.26 | — | — | 51 | Multistrategy | KBWB vs RSBY | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.24 | — | — | 68 | Inverse Equities, Leveraged Equities | KBWB vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.23 | — | — | 53 | Inverse Equities | KBWB vs SMST | |
| ProShares Short Bitcoin ETF | -0.23 | -0.26 | -0.29 | 57 | Cryptocurrency | KBWB vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.23 | -0.28 | -0.28 | 52 | Cryptocurrency, Leveraged Cryptocurrency | KBWB vs SBIT |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from KBWB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to KBWB and solid risk/return profiles. The least correlated is Eli Lilly and Company (LLY) (Healthcare) with a 1Y correlation of 0.09, roughly unchanged from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eli Lilly and Company | 0.09 | 0.11 | 0.11 | 80 | Healthcare | |
| Lockheed Martin Corporation | 0.11 | 0.10 | 0.18 | 59 | Industrials | |
| TKO Group Holdings Inc. | 0.31 | 0.29 | 0.29 | 52 | Communication Services | |
| Lam Research Corporation | 0.35 | 0.32 | 0.42 | 97 | Technology | |
| Caterpillar Inc. | 0.46 | 0.54 | 0.60 | 97 | Industrials |
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