Looking to balance out your exposure to KTB? The ETFs below have the lowest correlation with KTB — they tend to move on their own, which can help reduce risk when KTB drops. The stock ideas table highlights individual companies that behave independently from KTB.
Best Diversifiers for KTB
2 ETFs have low correlation with KTB (below 0.3), 0 of which are negatively correlated. The least correlated is WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) (Gold) with a 1Y correlation of 0.17, roughly unchanged from 0.24 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| WisdomTree Efficient Gold Plus Equity Strategy Fun... | 0.17 | 0.24 | — | 52 | Gold | KTB vs GDE | |
| Invesco QQQ ETF | 0.21 | 0.29 | 0.39 | 74 | Nasdaq-100 | KTB vs QQQ | |
| Vanguard S&P 500 ETF | 0.31 | 0.38 | 0.46 | 74 | S&P 500 | KTB vs VOO | |
| State Street SPDR S&P 500 ETF | 0.31 | 0.38 | 0.46 | 74 | S&P 500 | KTB vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from KTB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to KTB and solid risk/return profiles. The least correlated is Valaris Limited (VAL) (Energy) with a 1Y correlation of 0.10, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Valaris Limited | 0.10 | 0.20 | 0.23 | 91 | Energy | |
| D-Wave Quantum Inc | 0.13 | 0.15 | — | 61 | Technology | |
| Lemonade, Inc. | 0.16 | 0.29 | 0.32 | 61 | Financial Services | |
| Array Technologies, Inc. | 0.21 | 0.24 | 0.27 | 56 | Technology | |
| Hexcel Corporation | 0.29 | 0.28 | 0.37 | 86 | Industrials |
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