Looking to diversify beyond KLMT? The ETFs below have historically moved differently from KLMT, 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 KLMT
308 ETFs have low correlation with KLMT (below 0.3), 68 of which are negatively correlated. The least correlated is YieldMax MSTR Short Option Income Strategy ETF (WNTR) (Derivative Income) with a 1Y correlation of -0.44, roughly unchanged from -0.45 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax MSTR Short Option Income Strategy ETF | -0.44 | -0.45 | -0.45 | 63 | Derivative Income | KLMT vs WNTR | |
| Invesco DB Energy Fund | -0.30 | -0.12 | -0.12 | 53 | Oil & Gas | KLMT vs DBE | |
| ProShares UltraShort Yen | -0.25 | -0.08 | -0.08 | 59 | Leveraged Currency | KLMT vs YCS | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.24 | -0.16 | -0.16 | 98 | Inflation-Protected Bonds | KLMT vs IBIC | |
| United States Gasoline Fund, LP | -0.24 | — | — | 74 | Oil & Gas | KLMT vs UGA |
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