Looking to diversify beyond KLIP? The ETFs below have the lowest correlation with KLIP — 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 KLIP.
Best Diversifiers for KLIP
619 ETFs have low correlation with KLIP (below 0.3), 87 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Oil Enhanced Options Income ETF | -0.19 | — | — | 56 | Derivative Income | KLIP vs USOY | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.19 | — | — | 98 | Inflation-Protected Bonds | KLIP vs RBIL | |
| United States Oil Fund LP | -0.19 | 0.01 | — | 66 | Oil & Gas | KLIP vs USO | |
| Invesco DB Energy Fund | -0.17 | 0.01 | — | 71 | Oil & Gas | KLIP vs DBE | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.17 | — | — | 96 | Inflation-Protected Bonds | KLIP vs IBID |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from KLIP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to KLIP and solid risk/return profiles. The least correlated is Ventas, Inc. (VTR) (Real Estate) with a 1Y correlation of 0.02, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Ventas, Inc. | 0.02 | 0.12 | 0.13 | 81 | Real Estate | |
| AbbVie Inc. | 0.03 | 0.06 | — | 62 | Healthcare | |
| ZIM Integrated Shipping Services Ltd. | 0.19 | 0.21 | — | 73 | Industrials | |
| Tesla, Inc. | 0.29 | 0.29 | — | 55 | Consumer Cyclical |
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