Looking to diversify beyond KBWY? The ETFs below have historically moved differently from KBWY, 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 KBWY
933 ETFs have low correlation with KBWY (below 0.3), 80 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.28, down from 0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.28 | -0.11 | 0.03 | 72 | Oil & Gas | KBWY vs DBE | |
| United States Brent Oil Fund LP | -0.27 | -0.10 | 0.02 | 52 | Oil & Gas | KBWY vs BNO | |
| United States Oil Fund LP | -0.27 | -0.10 | 0.03 | 55 | Oil & Gas | KBWY vs USO | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.26 | -0.07 | 0.06 | 67 | Commodities | KBWY vs GSG | |
| ProShares UltraShort Yen | -0.25 | -0.21 | -0.15 | 56 | Leveraged Currency | KBWY vs YCS |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for KBWY, 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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of 0.10, down from 0.32 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | 0.10 | 0.24 | 0.32 | 66 | Consumer Defensive | |
| Agree Realty Corporation | 0.47 | 0.55 | 0.59 | 68 | Real Estate | |
| Realty Income Corporation | 0.50 | 0.59 | 0.65 | 77 | Real Estate | |
| Annaly Capital Management, Inc. | 0.51 | 0.60 | 0.59 | 80 | Real Estate | |
| Park Hotels & Resorts Inc. | 0.66 | 0.63 | 0.61 | 87 | Real Estate |
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