Looking to diversify beyond KLIP? The ETFs below have historically moved differently from KLIP, 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 KLIP
728 ETFs have low correlation with KLIP (below 0.3), 76 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.37 | — | — | 61 | Inverse Equities, Leveraged Equities | KLIP vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.36 | — | — | 52 | Inverse Equities | KLIP vs SMST | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.35 | — | — | 75 | Derivative Income | KLIP vs WNTR | |
| Proshares Ultrashort Bitcoin ETF | -0.34 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | KLIP vs SBIT | |
| ProShares Short Bitcoin ETF | -0.34 | -0.22 | — | 61 | Cryptocurrency | KLIP vs BITI |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for KLIP, 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 Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of -0.05, down from 0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | -0.05 | 0.13 | 0.16 | 61 | Financial Services | |
| AbbVie Inc. | -0.01 | 0.05 | 0.05 | 81 | Healthcare | |
| Ventas, Inc. | 0.01 | 0.11 | 0.12 | 91 | Real Estate | |
| ZIM Integrated Shipping Services Ltd. | 0.16 | 0.19 | — | 82 | Industrials | |
| BlackRock Capital Allocation Term Trust | 0.37 | 0.31 | 0.33 | 95 | Financial Services |
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