Looking to diversify beyond KDRN? The ETFs below have the lowest correlation with KDRN — 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 KDRN.
Best Diversifiers for KDRN
1741 ETFs have low correlation with KDRN (below 0.3), 106 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.43, roughly unchanged from -0.40 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.43 | -0.40 | — | 63 | Leveraged Currency | KDRN vs YCS | |
| United States Gasoline Fund LP | -0.34 | -0.18 | — | 71 | Oil & Gas | KDRN vs UGA | |
| Invesco DB Energy Fund | -0.32 | -0.19 | -0.12 | 71 | Oil & Gas | KDRN vs DBE | |
| United States Oil Fund LP | -0.31 | -0.18 | — | 66 | Oil & Gas | KDRN vs USO | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.31 | -0.18 | — | 56 | Oil & Gas | KDRN vs OILK |
See all 2180 diversifiers for KDRN
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