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
1961 ETFs have low correlation with KBWP (below 0.3), 665 of which are negatively correlated. The least correlated is ProShares Ultra Semiconductors (USD) (Leveraged Equities) with a 1Y correlation of -0.34, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Semiconductors | -0.34 | -0.10 | 0.09 | 89 | Leveraged Equities, Semiconductors | KBWP vs USD | |
| Roundhill Generative AI & Technology ETF | -0.33 | -0.08 | -0.08 | 93 | Technology Equities | KBWP vs CHAT | |
| NestYield Dynamic Income ETF | -0.33 | — | — | 59 | Derivative Income | KBWP vs EGGY | |
| Strive U.S. Semiconductor ETF | -0.32 | -0.08 | — | 95 | Semiconductors, Technology Equities | KBWP vs SHOC | |
| VanEck Semiconductor ETF | -0.32 | -0.08 | 0.11 | 96 | Semiconductors, Technology Equities | KBWP vs SMH |
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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 -0.04, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Analog Devices, Inc. | -0.04 | 0.06 | 0.20 | 94 | Technology | |
| Mizuho Financial Group, Inc. | 0.02 | 0.14 | 0.24 | 91 | Financial Services | |
| Eli Lilly and Company | 0.05 | 0.12 | 0.20 | 75 | Healthcare | |
| Parker-Hannifin Corporation | 0.15 | 0.27 | 0.41 | 85 | Industrials | |
| StoneX Group Inc. | 0.15 | 0.27 | 0.38 | 95 | Financial Services |
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