Looking to balance out your exposure to KRP? The ETFs below have historically moved differently from KRP, 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 KRP
7 ETFs have low correlation with KRP (below 0.3), 5 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of -0.09, down from 0.25 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | -0.09 | 0.17 | 0.25 | 78 | S&P 500 | KRP vs SPY | |
| JPMorgan Nasdaq Equity Premium Income ETF | -0.09 | 0.12 | — | 66 | Nasdaq-100, Derivative Income | KRP vs JEPQ | |
| Global X NASDAQ 100 Covered Call ETF | -0.05 | 0.13 | 0.18 | 87 | Nasdaq-100, Derivative Income | KRP vs QYLD | |
| JPMorgan Equity Premium Income ETF | -0.04 | 0.17 | 0.21 | 56 | Dividend, Derivative Income | KRP vs JEPI | |
| YieldMax AMD Option Income Strategy ETF | -0.00 | — | — | 87 | Derivative Income, Options Trading | KRP vs AMDY |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for KRP, 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 Dynex Capital, Inc. (DX) (Real Estate) with a 1Y correlation of -0.14, down from 0.18 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Dynex Capital, Inc. | -0.14 | 0.11 | 0.18 | 73 | Real Estate | |
| Banco Santander, S.A. | -0.13 | 0.11 | 0.18 | 92 | Financial Services | |
| AGNC Investment Corp. | -0.13 | 0.11 | 0.18 | 78 | Real Estate | |
| Eaton Vance Tax-Managed Buy-Write Opportunities Fu... | -0.09 | 0.12 | 0.20 | 82 | Financial Services | |
| Lincoln National Corporation | -0.06 | 0.17 | 0.25 | 68 | Financial Services |
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