Looking to diversify beyond KDEC? The ETFs below have the lowest correlation with KDEC — 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 KDEC.
Best Diversifiers for KDEC
368 ETFs have low correlation with KDEC (below 0.3), 65 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.27 | — | — | 71 | Oil & Gas | KDEC vs DBE | |
| United States Oil Fund LP | -0.26 | — | — | 66 | Oil & Gas | KDEC vs USO | |
| United States Brent Oil Fund LP | -0.24 | — | — | 65 | Oil & Gas | KDEC vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.22 | -0.06 | -0.06 | 56 | Derivative Income | KDEC vs USOY | |
| United States 12 Month Oil Fund LP | -0.22 | -0.04 | -0.04 | 56 | Oil & Gas | KDEC vs USL |
See all 2102 diversifiers for KDEC
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Diversification Analysis
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