Looking to diversify beyond KCOP? The ETFs below have historically moved differently from KCOP, 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 KCOP
206 ETFs have low correlation with KCOP (below 0.3), 36 of which are negatively correlated. The least correlated is Texas Capital Texas Oil Index ETF (OILT) (Energy Equities) with a 1Y correlation of -0.33, roughly unchanged from -0.33 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Texas Capital Texas Oil Index ETF | -0.33 | -0.33 | -0.33 | 50 | Energy Equities | KCOP vs OILT | |
| Direxion Daily S&P Oil & Gas Exploration & Product... | -0.29 | -0.29 | -0.29 | 52 | Leveraged Equities | KCOP vs GUSH | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.28 | -0.28 | -0.28 | 67 | Commodities | KCOP vs GSG | |
| DoubleLine Commodity Strategy ETF | -0.25 | -0.25 | -0.25 | 63 | Commodities | KCOP vs DCMT | |
| Global X MLP ETF | -0.24 | -0.24 | -0.24 | 64 | MLPs | KCOP vs MLPA |
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