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
973 ETFs have low correlation with KBWY (below 0.3), 47 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.28, down from -0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.28 | -0.21 | -0.14 | 75 | Leveraged Currency | KBWY vs YCS | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.22 | -0.04 | 0.08 | 51 | Commodities | KBWY vs PDBC | |
| United States Gasoline Fund LP | -0.21 | -0.05 | 0.05 | 72 | Oil & Gas | KBWY vs UGA | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.21 | — | — | 60 | Inverse Equities, Leveraged Equities | KBWY vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.21 | — | — | 53 | Inverse Equities | KBWY vs SMST |
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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 0.08, down from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | 0.08 | 0.24 | 0.33 | 79 | Consumer Defensive | |
| Agree Realty Corporation | 0.48 | 0.54 | 0.60 | 70 | Real Estate | |
| Annaly Capital Management, Inc. | 0.51 | 0.60 | 0.59 | 83 | Real Estate | |
| Realty Income Corporation | 0.51 | 0.58 | 0.65 | 72 | Real Estate | |
| Park Hotels & Resorts Inc. | 0.66 | 0.64 | 0.62 | 78 | Real Estate |
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