Looking to diversify beyond KHYB? The ETFs below have the lowest correlation with KHYB — 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 KHYB.
Best Diversifiers for KHYB
331 ETFs have low correlation with KHYB (below 0.3), 55 of which are negatively correlated. The least correlated is Defiance Daily Target 2X Short MSTR ETF (SMST) (Inverse Equities) with a 1Y correlation of -0.32, roughly unchanged from -0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.32 | -0.26 | -0.26 | 53 | Inverse Equities | KHYB vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.32 | -0.25 | -0.25 | 60 | Inverse Equities, Leveraged Equities | KHYB vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.31 | — | — | 65 | Derivative Income | KHYB vs WNTR | |
| United States Gasoline Fund LP | -0.26 | -0.07 | -0.05 | 72 | Oil & Gas | KHYB vs UGA | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.24 | — | — | 98 | Inflation-Protected Bonds | KHYB vs IBIC |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from KHYB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to KHYB and solid risk/return profiles. The least correlated is Agree Realty Corporation (ADC) (Real Estate) with a 1Y correlation of 0.01, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Agree Realty Corporation | 0.01 | 0.10 | 0.09 | 70 | Real Estate | |
| Oxford Lane Capital Corp. | 0.06 | 0.04 | 0.07 | 96 | Financial Services | |
| Oxford Lane Capital Corp. 7.125% Series 2029 Term ... | 0.18 | 0.12 | 0.09 | 86 | Financial Services | |
| BlackRock Capital Allocation Term Trust | 0.42 | 0.35 | 0.24 | 94 | Financial Services |
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