Looking to diversify beyond KSLV? The ETFs below have the lowest correlation with KSLV — 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 KSLV.
Best Diversifiers for KSLV
817 ETFs have low correlation with KSLV (below 0.3), 20 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Return Stacked Bonds & Futures Yield ETF | -0.22 | — | — | 51 | Multistrategy | KSLV vs RSBY | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.22 | — | — | 60 | Inverse Equities, Leveraged Equities | KSLV vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.22 | -0.22 | -0.22 | 53 | Inverse Equities | KSLV vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.20 | -0.20 | -0.20 | 65 | Derivative Income | KSLV vs WNTR | |
| United States Gasoline Fund LP | -0.09 | -0.09 | -0.09 | 72 | Oil & Gas | KSLV vs UGA |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from KSLV, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to KSLV and solid risk/return profiles. The least correlated is Jackson Financial Inc. (JXN) (Financial Services) with a 1Y correlation of 0.07, roughly unchanged from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Jackson Financial Inc. | 0.07 | 0.07 | 0.07 | 77 | Financial Services | |
| Micron Technology, Inc. | 0.26 | 0.26 | 0.26 | 99 | Technology | |
| Taiwan Semiconductor Manufacturing Company Limited | 0.31 | 0.31 | 0.31 | 93 | Technology |
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