Looking to balance out your exposure to KKR? The ETFs below have historically moved differently from KKR, 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 KKR
108 ETFs have low correlation with KKR (below 0.3), 10 of which are negatively correlated. The least correlated is WisdomTree Floating Rate Treasury Fund (USFR) (Government Bonds) with a 1Y correlation of -0.10, roughly unchanged from -0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| WisdomTree Floating Rate Treasury Fund | -0.10 | -0.04 | -0.02 | 100 | Government Bonds, Ultrashort Bond | KKR vs USFR | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.08 | 0.02 | 0.12 | 58 | Commodities | KKR vs PDBC | |
| Invesco DB Commodity Index Tracking Fund | -0.07 | 0.02 | 0.12 | 56 | Commodities | KKR vs DBC | |
| iShares Treasury Floating Rate Bond ETF | -0.07 | -0.04 | -0.06 | 100 | Government Bonds, Ultrashort Bond | KKR vs TFLO | |
| Alpha Architect 1-3 Month Box ETF | -0.03 | 0.00 | — | 100 | Ultrashort Bond | KKR vs BOXX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for KKR, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.16, down from 0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.16 | -0.03 | 0.07 | 64 | Consumer Defensive | |
| The Coca-Cola Company | -0.16 | -0.03 | 0.10 | 86 | Consumer Defensive | |
| Johnson & Johnson | -0.14 | -0.05 | 0.05 | 95 | Healthcare | |
| Murphy USA Inc. | -0.09 | 0.07 | 0.13 | 85 | Consumer Cyclical | |
| Monster Beverage Corporation | -0.09 | 0.05 | 0.19 | 90 | Consumer Defensive |
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