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
820 ETFs have low correlation with KROP (below 0.3), 21 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.15, roughly unchanged from -0.12 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.15 | -0.12 | — | 63 | Leveraged Currency | KROP vs YCS | |
| SGI Enhanced Core ETF | -0.08 | — | — | 95 | Intermediate Core Bond | KROP vs USDX | |
| Vanguard 0-3 Month Treasury Bill ETF | -0.07 | -0.05 | -0.05 | 100 | Ultrashort Bond | KROP vs VBIL | |
| iShares Diversified Commodity Swap UCITS ETF | -0.06 | 0.00 | -0.03 | 78 | Commodities | KROP vs ISCMF | |
| Brookmont Catastrophic Bond ETF | -0.05 | — | — | 96 | Nontraditional Bonds | KROP vs ILS |
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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 0.25, roughly unchanged from 0.27 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Tyson Foods, Inc. | 0.25 | 0.27 | — | 51 | Consumer Defensive |
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