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
385 ETFs have low correlation with KBWD (below 0.3), 31 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.28, down from -0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.28 | -0.15 | -0.09 | 63 | Leveraged Currency | KBWD vs YCS | |
| United States Gasoline Fund LP | -0.22 | -0.05 | 0.09 | 55 | Oil & Gas | KBWD vs UGA | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.16 | — | — | 97 | Inflation-Protected Bonds | KBWD vs RBIL | |
| VanEck Commodity Strategy ETF | -0.13 | 0.01 | — | 57 | Commodities | KBWD vs PIT | |
| PIMCO Commodity Strategy Active Exchange-Traded Fu... | -0.13 | 0.02 | — | 50 | Commodities | KBWD vs CMDT |
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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 -0.03, down from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.03 | 0.18 | 0.31 | 72 | Energy | |
| Altria Group, Inc. | -0.01 | 0.17 | 0.27 | 72 | Consumer Defensive | |
| Duke Energy Corporation | 0.01 | 0.18 | 0.24 | 62 | Utilities | |
| The Coca-Cola Company | 0.02 | 0.14 | 0.26 | 74 | Consumer Defensive | |
| Eli Lilly and Company | 0.08 | 0.10 | 0.13 | 74 | Healthcare |
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