Looking to diversify beyond KORP? The ETFs below have the lowest correlation with KORP — 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 KORP.
Best Diversifiers for KORP
304 ETFs have low correlation with KORP (below 0.3), 34 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.49, roughly unchanged from -0.49 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.49 | -0.45 | -0.49 | 61 | Leveraged Currency | KORP vs YCS | |
| Fidelity Managed Futures ETF | -0.28 | — | — | 64 | Systematic Trend | KORP vs FFUT | |
| VanEck Commodity Strategy ETF | -0.26 | -0.09 | — | 55 | Commodities | KORP vs PIT | |
| First Trust Alternative Absolute Return Strategy E... | -0.26 | -0.10 | -0.08 | 70 | Commodities | KORP vs FAAR | |
| iShares Enhanced Short-Term Bond Active ETF | -0.22 | -0.18 | -0.18 | 99 | Ultrashort Bond | KORP vs CSHP |
See all 1846 diversifiers for KORP
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