Looking to balance out your exposure to KDP? The ETFs below have historically moved differently from KDP, 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 KDP
14 ETFs have low correlation with KDP (below 0.3), 7 of which are negatively correlated. The least correlated is Invesco DB Commodity Index Tracking Fund (DBC) (Commodities) with a 1Y correlation of -0.16, down from -0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Commodity Index Tracking Fund | -0.16 | -0.11 | -0.02 | 68 | Commodities | KDP vs DBC | |
| Invesco QQQ ETF | -0.09 | -0.02 | 0.15 | 58 | Nasdaq-100 | KDP vs QQQ | |
| FolioBeyond Alternative Income and Interest Rate H... | -0.03 | -0.02 | -0.02 | 51 | Nontraditional Bonds | KDP vs RISR | |
| Vanguard S&P 500 ETF | -0.02 | 0.07 | 0.24 | 78 | S&P 500 | KDP vs VOO | |
| State Street SPDR S&P 500 ETF | -0.02 | 0.07 | 0.24 | 78 | S&P 500 | KDP vs SPY |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for KDP, 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 CrowdStrike Holdings, Inc. (CRWD) (Technology) with a 1Y correlation of -0.20, down from -0.00 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CrowdStrike Holdings, Inc. | -0.20 | -0.12 | -0.00 | 83 | Technology | |
| NVIDIA Corporation | -0.19 | -0.16 | -0.00 | 61 | Technology | |
| Leonardo SpA ADR | -0.18 | -0.05 | -0.01 | 60 | Industrials | |
| Broadcom Inc. | -0.15 | -0.09 | 0.05 | 68 | Technology | |
| Fortinet, Inc. | -0.15 | -0.04 | 0.09 | 82 | Technology |
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