Looking to diversify beyond KROP? The ETFs below have historically moved differently from KROP, 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 KROP
926 ETFs have low correlation with KROP (below 0.3), 19 of which are negatively correlated. The least correlated is YieldMax MSTR Short Option Income Strategy ETF (WNTR) (Derivative Income) with a 1Y correlation of -0.13, roughly unchanged from -0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax MSTR Short Option Income Strategy ETF | -0.13 | -0.16 | -0.16 | 63 | Derivative Income | KROP vs WNTR | |
| SGI Enhanced Core ETF | -0.11 | — | — | 96 | Intermediate Core Bond | KROP vs USDX | |
| Cambria Tactical Yield ETF | -0.10 | -0.06 | -0.06 | 99 | Tactical Allocation | KROP vs TYLD | |
| ProShares UltraShort Yen | -0.08 | -0.12 | -0.11 | 59 | Leveraged Currency | KROP vs YCS | |
| iShares Diversified Commodity Swap UCITS ETF | -0.08 | 0.01 | -0.03 | 52 | Commodities | KROP vs ISCMF |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for KROP, 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 Tyson Foods, Inc. (TSN) (Consumer Defensive) with a 1Y correlation of 0.22, roughly unchanged from 0.31 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Tyson Foods, Inc. | 0.22 | 0.27 | 0.31 | 58 | Consumer Defensive | |
| CF Industries Holdings, Inc. | 0.25 | 0.32 | 0.35 | 64 | Basic Materials | |
| Corteva, Inc. | 0.57 | 0.61 | 0.58 | 53 | Basic Materials |
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