Looking to diversify beyond KORP? The ETFs below have historically moved differently from KORP, 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 KORP
389 ETFs have low correlation with KORP (below 0.3), 91 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.46, roughly unchanged from -0.49 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.46 | -0.46 | -0.49 | 56 | Leveraged Currency | KORP vs YCS | |
| Invesco DB Energy Fund | -0.43 | -0.23 | -0.13 | 72 | Oil & Gas | KORP vs DBE | |
| United States Brent Oil Fund LP | -0.43 | -0.22 | -0.13 | 52 | Oil & Gas | KORP vs BNO | |
| Invesco DB Oil Fund | -0.41 | -0.21 | -0.13 | 58 | Oil & Gas | KORP vs DBO | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.38 | -0.17 | -0.08 | 67 | Commodities | KORP vs GSG |
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