Looking to diversify beyond KDEF? The ETFs below have historically moved differently from KDEF, 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 KDEF
916 ETFs have low correlation with KDEF (below 0.3), 41 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.34 | — | — | 61 | Cryptocurrency | KDEF vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.34 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | KDEF vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.32 | — | — | 61 | Inverse Equities, Leveraged Equities | KDEF vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.32 | — | — | 52 | Inverse Equities | KDEF vs SMST | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.31 | — | — | 75 | Derivative Income | KDEF vs WNTR |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for KDEF, 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 Cheniere Energy, Inc. (LNG) (Energy) with a 1Y correlation of -0.03, roughly unchanged from 0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cheniere Energy, Inc. | -0.03 | 0.01 | 0.01 | 57 | Energy | |
| Exxon Mobil Corporation | 0.08 | — | — | 84 | Energy | |
| Carpenter Technology Corporation | 0.18 | 0.16 | 0.16 | 94 | Industrials | |
| BW LPG Limited | 0.18 | 0.17 | 0.17 | 91 | Industrials | |
| RTX Corporation | 0.21 | — | — | 82 | Industrials |
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