Looking to diversify beyond KBWD? The ETFs below have historically moved differently from KBWD, 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 KBWD
478 ETFs have low correlation with KBWD (below 0.3), 83 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.29, 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 | -0.29 | -0.09 | 0.08 | 72 | Oil & Gas | KBWD vs DBE | |
| United States Oil Fund LP | -0.29 | -0.08 | 0.07 | 55 | Oil & Gas | KBWD vs USO | |
| United States Brent Oil Fund LP | -0.29 | -0.08 | 0.07 | 52 | Oil & Gas | KBWD vs BNO | |
| Invesco DB Oil Fund | -0.28 | -0.07 | 0.08 | 58 | Oil & Gas | KBWD vs DBO | |
| Proshares Ultrashort Bitcoin ETF | -0.28 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | KBWD 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 KBWD, 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 Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.10, down from 0.28 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.10 | 0.15 | 0.28 | 84 | Energy | |
| Devon Energy Corporation | -0.09 | 0.18 | 0.31 | 76 | Energy | |
| Duke Energy Corporation | -0.01 | 0.17 | 0.23 | 56 | Utilities | |
| Altria Group, Inc. | 0.01 | 0.17 | 0.25 | 66 | Consumer Defensive | |
| The Coca-Cola Company | 0.03 | 0.14 | 0.25 | 90 | Consumer Defensive |
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