Looking to diversify beyond KNOV? The ETFs below have the lowest correlation with KNOV — 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 KNOV.
Best Diversifiers for KNOV
343 ETFs have low correlation with KNOV (below 0.3), 57 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.49, roughly unchanged from -0.47 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.49 | -0.47 | -0.47 | 52 | Cryptocurrency | KNOV vs BITI | |
| Defiance Daily Target 2X Short MSTR ETF | -0.49 | — | — | 63 | Inverse Equities | KNOV vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.48 | — | — | 70 | Inverse Equities, Leveraged Equities | KNOV vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.45 | — | — | 73 | Derivative Income | KNOV vs WNTR | |
| Invesco DB Energy Fund | -0.26 | — | — | 57 | Oil & Gas | KNOV vs DBE |
See all 2059 diversifiers for KNOV
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