Looking to balance out your exposure to KRKNF? The ETFs below have the lowest correlation with KRKNF — they tend to move on their own, which can help reduce risk when KRKNF drops. The stock ideas table highlights individual companies that behave independently from KRKNF.
Best Diversifiers for KRKNF
10 ETFs have low correlation with KRKNF (below 0.3), 0 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Bloomberg Enhanced Roll Yield Commodity Strat... | 0.05 | — | — | 53 | Commodities | KRKNF vs CERY | |
| First Trust Global Tactical Commodity Strategy Fun... | 0.05 | 0.11 | 0.12 | 55 | Commodities | KRKNF vs FTGC | |
| VanEck Commodity Strategy ETF | 0.06 | 0.12 | — | 57 | Commodities | KRKNF vs PIT | |
| SPDR S&P Oil & Gas Equipment & Services ETF | 0.14 | 0.13 | 0.18 | 82 | Energy Equities | KRKNF vs XES | |
| iShares North American Natural Resources ETF | 0.20 | 0.16 | 0.21 | 64 | Energy Equities | KRKNF vs IGE |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from KRKNF, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to KRKNF and solid risk/return profiles. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.06, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.06 | 0.03 | 0.11 | 72 | Energy | |
| Chevron Corporation | -0.04 | 0.05 | 0.12 | 70 | Energy | |
| Bunge Limited | -0.01 | 0.00 | 0.06 | 76 | Consumer Defensive | |
| Archer-Daniels-Midland Company | 0.00 | -0.01 | 0.05 | 85 | Consumer Defensive | |
| Hafnia Limited | 0.01 | — | — | 80 | Industrials |
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