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
640 ETFs have low correlation with KLIP (below 0.3), 56 of which are negatively correlated. The least correlated is T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) (Inverse Equities) with a 1Y correlation of -0.36, roughly unchanged from -0.32 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.36 | -0.32 | — | 68 | Inverse Equities, Leveraged Equities | KLIP vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.36 | — | — | 60 | Inverse Equities | KLIP vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.35 | — | — | 70 | Derivative Income | KLIP vs WNTR | |
| Proshares Ultrashort Bitcoin ETF | -0.34 | -0.29 | -0.29 | 52 | Cryptocurrency, Leveraged Cryptocurrency | KLIP vs SBIT | |
| ProShares Short Bitcoin ETF | -0.33 | -0.22 | -0.23 | 57 | Cryptocurrency | KLIP vs BITI |
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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 Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of -0.07, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | -0.07 | 0.13 | 0.16 | 53 | Financial Services | |
| AbbVie Inc. | -0.01 | 0.04 | — | 79 | Healthcare | |
| Ventas, Inc. | 0.03 | 0.11 | — | 93 | Real Estate | |
| ZIM Integrated Shipping Services Ltd. | 0.18 | 0.19 | — | 79 | Industrials | |
| Tesla, Inc. | 0.33 | 0.29 | — | 63 | Consumer Cyclical |
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