Looking to diversify beyond KRE? The ETFs below have historically moved differently from KRE, 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 KRE
781 ETFs have low correlation with KRE (below 0.3), 76 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.26, down from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.26 | -0.07 | 0.08 | 72 | Oil & Gas | KRE vs DBE | |
| Alpha Architect Tail Risk ETF | -0.25 | -0.12 | — | 56 | Options Trading | KRE vs CAOS | |
| Invesco DB Oil Fund | -0.24 | -0.05 | 0.08 | 58 | Oil & Gas | KRE vs DBO | |
| United States Brent Oil Fund LP | -0.24 | -0.06 | 0.07 | 52 | Oil & Gas | KRE vs BNO | |
| United States Oil Fund LP | -0.24 | -0.06 | 0.07 | 55 | Oil & Gas | KRE vs USO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for KRE, 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 Diamondback Energy, Inc. (FANG) (Energy) with a 1Y correlation of -0.05, down from 0.31 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Diamondback Energy, Inc. | -0.05 | 0.18 | 0.31 | 79 | Energy | |
| Exxon Mobil Corporation | -0.01 | 0.18 | 0.29 | 84 | Energy | |
| ConocoPhillips Company | 0.01 | 0.17 | 0.29 | 72 | Energy | |
| NVIDIA Corporation | 0.07 | 0.14 | 0.29 | 56 | Technology | |
| Palo Alto Networks, Inc. | 0.08 | 0.17 | 0.23 | 88 | Technology |
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