Looking to diversify beyond KNGZ? The ETFs below have historically moved differently from KNGZ, 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 KNGZ
407 ETFs have low correlation with KNGZ (below 0.3), 49 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 | -0.33 | — | — | 61 | Inverse Equities, Leveraged Equities | KNGZ vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.33 | — | — | 52 | Inverse Equities | KNGZ vs SMST | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.30 | -0.32 | -0.32 | 75 | Derivative Income | KNGZ vs WNTR | |
| ProShares Short Bitcoin ETF | -0.30 | -0.29 | — | 61 | Cryptocurrency | KNGZ vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.30 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | KNGZ vs SBIT |
See all 2224 diversifiers for KNGZ
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