Looking to diversify beyond KBWB? The ETFs below have historically moved differently from KBWB, 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 KBWB
526 ETFs have low correlation with KBWB (below 0.3), 81 of which are negatively correlated. The least correlated is Alpha Architect Tail Risk ETF (CAOS) (Options Trading) with a 1Y correlation of -0.28, down from -0.12 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Alpha Architect Tail Risk ETF | -0.28 | -0.12 | — | 56 | Options Trading | KBWB vs CAOS | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.26 | — | — | 61 | Inverse Equities, Leveraged Equities | KBWB vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.25 | — | — | 52 | Inverse Equities | KBWB vs SMST | |
| ProShares Short Bitcoin ETF | -0.25 | -0.27 | — | 61 | Cryptocurrency | KBWB vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.25 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | KBWB vs SBIT |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for KBWB, 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 Eli Lilly and Company (LLY) (Healthcare) with a 1Y correlation of 0.07, roughly unchanged from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eli Lilly and Company | 0.07 | 0.11 | 0.11 | 83 | Healthcare | |
| Lockheed Martin Corporation | 0.11 | 0.10 | 0.17 | 80 | Industrials | |
| TKO Group Holdings Inc. | 0.27 | 0.28 | 0.28 | 54 | Communication Services | |
| Lam Research Corporation | 0.37 | 0.34 | 0.42 | 96 | Technology | |
| Caterpillar Inc. | 0.43 | 0.53 | 0.58 | 92 | Industrials |
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