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
333 ETFs have low correlation with KDEC (below 0.3), 54 of which are negatively correlated. The least correlated is Defiance Daily Target 2X Short MSTR ETF (SMST) (Inverse Equities) with a 1Y correlation of -0.51, roughly unchanged from -0.50 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.51 | -0.50 | -0.50 | 60 | Inverse Equities | KDEC vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.51 | -0.50 | -0.50 | 68 | Inverse Equities, Leveraged Equities | KDEC vs MSTZ | |
| Proshares Ultrashort Bitcoin ETF | -0.50 | -0.48 | -0.48 | 52 | Cryptocurrency, Leveraged Cryptocurrency | KDEC vs SBIT | |
| ProShares Short Bitcoin ETF | -0.50 | -0.48 | -0.48 | 57 | Cryptocurrency | KDEC vs BITI | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.48 | -0.49 | -0.49 | 70 | Derivative Income | KDEC vs WNTR |
See all 2036 diversifiers for KDEC
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