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
458 ETFs have low correlation with KBWD (below 0.3), 61 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.25, down from -0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.25 | -0.14 | -0.09 | 63 | Leveraged Currency | KBWD vs YCS | |
| United States Oil Fund LP | -0.25 | -0.04 | 0.10 | 66 | Oil & Gas | KBWD vs USO | |
| Invesco DB Energy Fund | -0.24 | -0.03 | 0.11 | 71 | Oil & Gas | KBWD vs DBE | |
| Defiance Oil Enhanced Options Income ETF | -0.23 | — | — | 56 | Derivative Income | KBWD vs USOY | |
| United States 12 Month Oil Fund LP | -0.23 | -0.00 | 0.12 | 56 | Oil & Gas | KBWD vs USL |
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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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.03, down from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.03 | 0.19 | 0.27 | 67 | Consumer Defensive | |
| Duke Energy Corporation | -0.01 | 0.17 | 0.23 | 52 | Utilities | |
| Exxon Mobil Corporation | -0.00 | 0.19 | 0.31 | 85 | Energy | |
| The Coca-Cola Company | 0.05 | 0.15 | 0.26 | 63 | Consumer Defensive | |
| Eli Lilly and Company | 0.10 | 0.11 | 0.13 | 72 | Healthcare |
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