Looking to diversify beyond KOLD? The ETFs below have historically moved differently from KOLD, 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 KOLD
2238 ETFs have low correlation with KOLD (below 0.3), 184 of which are negatively correlated. The least correlated is abrdn Bloomberg All Commodity Strategy K-1 Free ETF (BCI) (Commodities) with a 1Y correlation of -0.39, 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 |
|---|---|---|---|---|---|---|---|
| abrdn Bloomberg All Commodity Strategy K-1 Free ET... | -0.39 | -0.41 | -0.45 | 76 | Commodities | KOLD vs BCI | |
| iPath Bloomberg Commodity Index Total Return ETN | -0.39 | -0.42 | -0.46 | 78 | Commodities | KOLD vs DJP | |
| GraniteShares Bloomberg Commodity Broad Strategy N... | -0.38 | -0.42 | -0.47 | 76 | Commodities | KOLD vs COMB | |
| iShares Bloomberg Roll Select Commodity Strategy E... | -0.35 | -0.37 | -0.42 | 75 | Commodities | KOLD vs CMDY | |
| abrdn Bloomberg All Commodity Longer Dated Strateg... | -0.35 | -0.37 | -0.41 | 75 | Commodities | KOLD vs BCD |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for KOLD, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Devon Energy Corporation (DVN) (Energy) with a 1Y correlation of -0.23, roughly unchanged from -0.19 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Devon Energy Corporation | -0.23 | -0.17 | -0.19 | 76 | Energy | |
| Chevron Corporation | -0.20 | -0.12 | -0.15 | 80 | Energy | |
| BP p.l.c. | -0.20 | -0.13 | -0.14 | 84 | Energy | |
| Occidental Petroleum Corporation | -0.19 | -0.17 | -0.18 | 70 | Energy | |
| Shell plc | -0.17 | -0.10 | -0.12 | 80 | Energy |
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