Looking to diversify beyond KGRN? The ETFs below have historically moved differently from KGRN, 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 KGRN
929 ETFs have low correlation with KGRN (below 0.3), 104 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Proshares Ultrashort Bitcoin ETF | -0.34 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | KGRN vs SBIT | |
| ProShares Short Bitcoin ETF | -0.34 | -0.19 | — | 61 | Cryptocurrency | KGRN vs BITI | |
| Defiance Daily Target 2X Short MSTR ETF | -0.32 | — | — | 52 | Inverse Equities | KGRN vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.31 | — | — | 61 | Inverse Equities, Leveraged Equities | KGRN vs MSTZ | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.30 | — | — | 75 | Derivative Income | KGRN vs WNTR |
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