Looking to diversify beyond KBWP? The ETFs below have historically moved differently from KBWP, 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 KBWP
2078 ETFs have low correlation with KBWP (below 0.3), 1311 of which are negatively correlated. The least correlated is Roundhill Generative AI & Technology ETF (CHAT) (Artificial Intelligence) with a 1Y correlation of -0.45, down from -0.13 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Roundhill Generative AI & Technology ETF | -0.45 | -0.13 | — | 66 | Artificial Intelligence, Technology Equities | KBWP vs CHAT | |
| ProShares Ultra Semiconductors | -0.43 | -0.15 | 0.06 | 52 | Leveraged Equities, Semiconductors | KBWP vs USD | |
| YieldMax Target 12™ Semiconductor Option Income ET... | -0.42 | — | — | 87 | Derivative Income, Semiconductors | KBWP vs SOXY | |
| Strive U.S. Semiconductor ETF | -0.41 | -0.13 | — | 84 | Semiconductors, Technology Equities | KBWP vs SHOC | |
| Invesco PHLX Semiconductor ETF | -0.41 | -0.12 | 0.08 | 88 | Semiconductors, Technology Equities | KBWP vs SOXQ |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for KBWP, 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 Broadcom Inc. (AVGO) (Technology) with a 1Y correlation of -0.37, down from 0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Broadcom Inc. | -0.37 | -0.12 | 0.07 | 67 | Technology | |
| ASML Holding N.V. | -0.37 | -0.11 | 0.07 | 96 | Technology | |
| IREN Limited | -0.24 | -0.02 | 0.03 | 78 | Financial Services | |
| Analog Devices, Inc. | -0.18 | 0.01 | 0.16 | 88 | Technology | |
| Amazon.com, Inc | -0.11 | 0.01 | 0.12 | 60 | Consumer Cyclical |
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