Looking to balance out your exposure to KDP? The ETFs below have the lowest correlation with KDP — they tend to move on their own, which can help reduce risk when KDP drops. The stock ideas table highlights individual companies that behave independently from KDP.
Best Diversifiers for KDP
13 ETFs have low correlation with KDP (below 0.3), 5 of which are negatively correlated. The least correlated is Invesco DB Commodity Index Tracking Fund (DBC) (Commodities) with a 1Y correlation of -0.09, roughly unchanged from -0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Commodity Index Tracking Fund | -0.09 | -0.09 | -0.00 | 54 | Commodities | KDP vs DBC | |
| Invesco QQQ ETF | -0.07 | -0.02 | 0.15 | 58 | Nasdaq-100 | KDP vs QQQ | |
| State Street SPDR S&P 500 ETF | -0.02 | 0.06 | 0.24 | 66 | S&P 500 | KDP vs SPY | |
| Vanguard S&P 500 ETF | -0.01 | 0.07 | 0.24 | 66 | S&P 500 | KDP vs VOO | |
| NEOS S&P 500 High Income ETF | -0.00 | 0.06 | — | 70 | Derivative Income, S&P 500 | KDP vs SPYI |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from KDP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to KDP and solid risk/return profiles. The least correlated is CrowdStrike Holdings, Inc. (CRWD) (Technology) with a 1Y correlation of -0.21, down from -0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CrowdStrike Holdings, Inc. | -0.21 | -0.12 | -0.00 | 77 | Technology | |
| NVIDIA Corporation | -0.20 | -0.16 | -0.00 | 65 | Technology | |
| Palo Alto Networks, Inc. | -0.13 | -0.05 | 0.08 | 84 | Technology | |
| Fortinet, Inc. | -0.12 | -0.04 | 0.11 | 79 | Technology | |
| Broadcom Inc. | -0.11 | -0.07 | 0.07 | 71 | Technology |
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