Looking to diversify beyond KOOL? The ETFs below have the lowest correlation with KOOL — 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 KOOL.
Best Diversifiers for KOOL
381 ETFs have low correlation with KOOL (below 0.3), 44 of which are negatively correlated. The least correlated is Defiance Daily Target 2X Short MSTR ETF (SMST) (Inverse Equities) with a 1Y correlation of -0.44, roughly unchanged from -0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.44 | -0.45 | -0.45 | 53 | Inverse Equities | KOOL vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.44 | -0.44 | -0.44 | 60 | Inverse Equities, Leveraged Equities | KOOL vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.41 | -0.44 | -0.44 | 65 | Derivative Income | KOOL vs WNTR | |
| Return Stacked Bonds & Futures Yield ETF | -0.26 | -0.24 | -0.24 | 51 | Multistrategy | KOOL vs RSBY | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.21 | -0.13 | -0.13 | 98 | Inflation-Protected Bonds | KOOL vs IBIC |
See all 2051 diversifiers for KOOL
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