Looking to diversify beyond KBWY? The ETFs below have the lowest correlation with KBWY — 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 KBWY.
Best Diversifiers for KBWY
784 ETFs have low correlation with KBWY (below 0.3), 25 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.29, down from -0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.29 | -0.21 | -0.14 | 61 | Leveraged Currency | KBWY vs YCS | |
| VanEck Commodity Strategy ETF | -0.14 | -0.01 | — | 55 | Commodities | KBWY vs PIT | |
| iShares Diversified Commodity Swap UCITS ETF | -0.12 | -0.01 | — | 77 | Commodities | KBWY vs ISCMF | |
| iShares Enhanced Short-Term Bond Active ETF | -0.10 | 0.01 | 0.01 | 99 | Ultrashort Bond | KBWY vs CSHP | |
| First Trust Alternative Absolute Return Strategy E... | -0.10 | 0.00 | 0.02 | 70 | Commodities | KBWY vs FAAR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from KBWY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to KBWY and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of 0.06, down from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | 0.06 | 0.24 | 0.32 | 70 | Consumer Defensive | |
| Park Hotels & Resorts Inc. | 0.68 | 0.64 | 0.62 | 85 | Real Estate | |
| Kimco Realty Corporation | 0.69 | 0.73 | 0.77 | 74 | Real Estate |
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