Looking to diversify beyond KBWD? The ETFs below have the lowest correlation with KBWD — 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 KBWD.
Best Diversifiers for KBWD
463 ETFs have low correlation with KBWD (below 0.3), 56 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.29, roughly unchanged from -0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.29 | -0.25 | -0.31 | 51 | Currency | KBWD vs UUP | |
| Proshares Ultrashort Bitcoin ETF | -0.28 | -0.29 | -0.29 | 52 | Cryptocurrency, Leveraged Cryptocurrency | KBWD vs SBIT | |
| ProShares Short Bitcoin ETF | -0.28 | -0.27 | -0.30 | 57 | Cryptocurrency | KBWD vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.27 | — | — | 68 | Inverse Equities, Leveraged Equities | KBWD vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.27 | — | — | 60 | Inverse Equities | KBWD vs SMST |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from KBWD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to KBWD and solid risk/return profiles. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.06, down from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.06 | 0.16 | 0.29 | 75 | Energy | |
| Devon Energy Corporation | -0.02 | 0.23 | 0.36 | 72 | Energy | |
| Altria Group, Inc. | -0.00 | 0.17 | 0.26 | 81 | Consumer Defensive | |
| The Coca-Cola Company | 0.02 | 0.15 | 0.25 | 83 | Consumer Defensive | |
| Duke Energy Corporation | 0.02 | 0.18 | 0.24 | 66 | Utilities |
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