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
19 ETFs have low correlation with KRKNF (below 0.3), 2 of which are negatively correlated. The least correlated is iShares Commodities Select Strategy ETF (COMT) (Commodities) with a 1Y correlation of -0.01, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Commodities Select Strategy ETF | -0.01 | 0.08 | 0.10 | 71 | Commodities | KRKNF vs COMT | |
| Harbor Commodity All-Weather Strategy ETF | -0.00 | 0.12 | — | 78 | Commodities | KRKNF vs HGER | |
| First Trust Global Tactical Commodity Strategy Fun... | 0.01 | 0.11 | 0.12 | 81 | Commodities | KRKNF vs FTGC | |
| State Street Energy Select Sector SPDR ETF | 0.02 | 0.07 | 0.15 | 63 | Energy Equities | KRKNF vs XLE | |
| United States Commodity Index Fund | 0.03 | 0.08 | 0.10 | 74 | Commodities | KRKNF vs USCI |
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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 Coterra Energy Inc. (CTRA) (Energy) with a 1Y correlation of -0.09, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Coterra Energy Inc. | -0.09 | 0.00 | 0.09 | 79 | Energy | |
| CF Industries Holdings, Inc. | -0.02 | 0.01 | 0.07 | 60 | Basic Materials | |
| Exxon Mobil Corporation | -0.01 | 0.04 | 0.12 | 85 | Energy | |
| Bunge Limited | 0.00 | 0.00 | 0.06 | 91 | Consumer Defensive | |
| Chevron Corporation | 0.01 | 0.06 | 0.13 | 83 | Energy |
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