Looking to diversify beyond KROP? The ETFs below have the lowest correlation with KROP — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from KROP.
Best Diversifiers for KROP
842 ETFs have low correlation with KROP (below 0.3), 25 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.15 | — | — | 56 | Inverse Equities | KROP vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.14 | — | — | 65 | Inverse Equities, Leveraged Equities | KROP vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.14 | -0.17 | — | 53 | Cryptocurrency | KROP vs BITI | |
| ProShares UltraShort Yen | -0.12 | -0.12 | -0.10 | 72 | Leveraged Currency | KROP vs YCS | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.12 | — | — | 70 | Derivative Income | KROP vs WNTR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from KROP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to KROP and solid risk/return profiles. The least correlated is Tyson Foods, Inc. (TSN) (Consumer Defensive) with a 1Y correlation of 0.23, roughly unchanged from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Tyson Foods, Inc. | 0.23 | 0.26 | 0.31 | 57 | Consumer Defensive | |
| CF Industries Holdings, Inc. | 0.28 | 0.33 | 0.36 | 64 | Basic Materials | |
| Corteva, Inc. | 0.60 | 0.61 | — | 65 | Basic Materials |
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