Looking to balance out your exposure to KEEL? The ETFs below have the lowest correlation with KEEL — they tend to move on their own, which can help reduce risk when KEEL drops. The stock ideas table highlights individual companies that behave independently from KEEL.
Best Diversifiers for KEEL
3 ETFs have low correlation with KEEL (below 0.3), 1 of which are negatively correlated. The least correlated is iShares S&P GSCI Commodity-Indexed Trust (GSG) (Commodities) with a 1Y correlation of -0.02, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares S&P GSCI Commodity-Indexed Trust | -0.02 | 0.04 | 0.10 | 51 | Commodities | KEEL vs GSG | |
| Invesco Optimum Yield Diversified Commodity Strate... | 0.01 | 0.06 | 0.11 | 55 | Commodities | KEEL vs PDBC | |
| ProShares High Yield-Interest Rate Hedged | 0.26 | 0.31 | 0.35 | 60 | High Yield Bonds | KEEL vs HYHG | |
| ProShares Ultra Semiconductors | 0.41 | 0.40 | 0.49 | 70 | Leveraged Equities, Semiconductors | KEEL vs USD | |
| iShares Core S&P 500 ETF | 0.44 | 0.45 | 0.50 | 66 | S&P 500 | KEEL vs IVV |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from KEEL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to KEEL and solid risk/return profiles. The least correlated is Johnson & Johnson (JNJ) (Healthcare) with a 1Y correlation of -0.15, down from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Johnson & Johnson | -0.15 | -0.08 | -0.03 | 97 | Healthcare | |
| AbbVie Inc. | -0.10 | -0.01 | -0.00 | 79 | Healthcare | |
| Berkshire Hathaway Inc. | -0.09 | 0.10 | 0.19 | 53 | Financial Services | |
| Merck & Co., Inc. | -0.05 | -0.01 | -0.01 | 91 | Healthcare | |
| The Southern Company | -0.03 | -0.02 | -0.02 | 58 | Utilities |
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