Looking to diversify beyond KBWP? The ETFs below have the lowest correlation with KBWP — 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 KBWP.
Best Diversifiers for KBWP
1935 ETFs have low correlation with KBWP (below 0.3), 999 of which are negatively correlated. The least correlated is Roundhill Generative AI & Technology ETF (CHAT) (Technology Equities) with a 1Y correlation of -0.41, down from -0.11 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Roundhill Generative AI & Technology ETF | -0.41 | -0.11 | — | 85 | Technology Equities | KBWP vs CHAT | |
| iShares A.I. Innovation and Tech Active ETF | -0.40 | -0.19 | -0.19 | 62 | Technology Equities | KBWP vs BAI | |
| ProShares Ultra Semiconductors | -0.40 | -0.13 | 0.08 | 70 | Leveraged Equities, Semiconductors | KBWP vs USD | |
| Strive U.S. Semiconductor ETF | -0.39 | -0.11 | — | 90 | Semiconductors, Technology Equities | KBWP vs SHOC | |
| Invesco PHLX Semiconductor ETF | -0.39 | -0.11 | 0.09 | 92 | Semiconductors, Technology Equities | KBWP vs SOXQ |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from KBWP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to KBWP and solid risk/return profiles. The least correlated is ASML Holding N.V. (ASML) (Technology) with a 1Y correlation of -0.35, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ASML Holding N.V. | -0.35 | -0.10 | 0.08 | 94 | Technology | |
| Broadcom Inc. | -0.33 | -0.10 | 0.09 | 71 | Technology | |
| IREN Limited | -0.21 | -0.02 | 0.05 | 80 | Financial Services | |
| Amazon.com, Inc | -0.12 | 0.00 | 0.10 | 54 | Consumer Cyclical | |
| Analog Devices, Inc. | -0.11 | 0.03 | 0.18 | 88 | Technology |
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