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
2048 ETFs have low correlation with KBWP (below 0.3), 622 of which are negatively correlated. The least correlated is ProShares Ultra Semiconductors (USD) (Leveraged Equities) with a 1Y correlation of -0.29, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Semiconductors | -0.29 | -0.09 | 0.10 | 92 | Leveraged Equities, Semiconductors | KBWP vs USD | |
| Roundhill Generative AI & Technology ETF | -0.28 | -0.06 | -0.06 | 95 | Technology Equities | KBWP vs CHAT | |
| Strive U.S. Semiconductor ETF | -0.28 | -0.06 | — | 96 | Semiconductors, Technology Equities | KBWP vs SHOC | |
| Direxion Daily MU Bull 2X Shares | -0.28 | -0.11 | -0.11 | 99 | Leveraged Equities | KBWP vs MUU | |
| NestYield Dynamic Income ETF | -0.28 | -0.17 | -0.17 | 53 | Derivative Income | KBWP vs EGGY |
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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 Analog Devices, Inc. (ADI) (Technology) with a 1Y correlation of 0.01, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Analog Devices, Inc. | 0.01 | 0.08 | 0.21 | 94 | Technology | |
| Eli Lilly and Company | 0.04 | 0.12 | 0.19 | 72 | Healthcare | |
| Mizuho Financial Group, Inc. | 0.07 | 0.15 | 0.26 | 85 | Financial Services | |
| Raytheon Technologies Corporation | 0.17 | 0.28 | 0.41 | 72 | Industrials | |
| Parker-Hannifin Corporation | 0.17 | 0.28 | 0.42 | 70 | Industrials |
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