Looking to diversify beyond KNGZ? The ETFs below have the lowest correlation with KNGZ — 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 KNGZ.
Best Diversifiers for KNGZ
366 ETFs have low correlation with KNGZ (below 0.3), 35 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 -0.34, roughly unchanged from -0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.34 | -0.31 | -0.31 | 60 | Inverse Equities, Leveraged Equities | KNGZ vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.33 | — | — | 53 | Inverse Equities | KNGZ vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.30 | — | — | 65 | Derivative Income | KNGZ vs WNTR | |
| ProShares UltraShort Yen | -0.19 | -0.08 | -0.06 | 75 | Leveraged Currency | KNGZ vs YCS | |
| United States Gasoline Fund LP | -0.14 | -0.03 | 0.10 | 72 | Oil & Gas | KNGZ vs UGA |
See all 2046 diversifiers for KNGZ
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