Looking to diversify beyond KOLD? The ETFs below have the lowest correlation with KOLD — 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 KOLD.
Best Diversifiers for KOLD
2043 ETFs have low correlation with KOLD (below 0.3), 148 of which are negatively correlated. The least correlated is iPath Bloomberg Commodity Index Total Return ETN (DJP) (Commodities) with a 1Y correlation of -0.39, roughly unchanged from -0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iPath Bloomberg Commodity Index Total Return ETN | -0.39 | -0.42 | -0.46 | 56 | Commodities | KOLD vs DJP | |
| abrdn Bloomberg All Commodity Strategy K-1 Free ET... | -0.38 | -0.41 | -0.45 | 55 | Commodities | KOLD vs BCI | |
| GraniteShares Bloomberg Commodity Broad Strategy N... | -0.38 | -0.42 | -0.47 | 54 | Commodities | KOLD vs COMB | |
| iShares Bloomberg Roll Select Commodity Strategy E... | -0.34 | -0.37 | -0.42 | 54 | Commodities | KOLD vs CMDY | |
| abrdn Bloomberg All Commodity Longer Dated Strateg... | -0.33 | -0.37 | -0.41 | 56 | Commodities | KOLD vs BCD |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from KOLD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to KOLD and solid risk/return profiles. The least correlated is Devon Energy Corporation (DVN) (Energy) with a 1Y correlation of -0.18, roughly unchanged from -0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Devon Energy Corporation | -0.18 | -0.18 | -0.19 | 72 | Energy | |
| Chevron Corporation | -0.17 | -0.12 | -0.16 | 70 | Energy | |
| Occidental Petroleum Corporation | -0.15 | -0.17 | -0.18 | 62 | Energy | |
| BP p.l.c. | -0.15 | -0.13 | -0.14 | 75 | Energy | |
| Energy Transfer LP | -0.14 | -0.14 | -0.16 | 84 | Energy |
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