Looking to diversify beyond KDRN? The ETFs below have historically moved differently from KDRN, 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 KDRN
1308 ETFs have low correlation with KDRN (below 0.3), 115 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.41, roughly unchanged from -0.40 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.41 | -0.40 | — | 56 | Leveraged Currency | KDRN vs YCS | |
| United States Gasoline Fund, LP | -0.33 | -0.20 | — | 87 | Oil & Gas | KDRN vs UGA | |
| United States Oil Fund LP | -0.33 | -0.21 | — | 55 | Oil & Gas | KDRN vs USO | |
| Invesco DB Energy Fund | -0.33 | -0.21 | — | 72 | Oil & Gas | KDRN vs DBE | |
| Invesco DB Oil Fund | -0.32 | -0.20 | -0.13 | 58 | Oil & Gas | KDRN vs DBO |
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