Looking to diversify beyond KTEC? The ETFs below have historically moved differently from KTEC, 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 KTEC
722 ETFs have low correlation with KTEC (below 0.3), 91 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.36 | — | — | 52 | Inverse Equities | KTEC vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.36 | — | — | 61 | Inverse Equities, Leveraged Equities | KTEC vs MSTZ | |
| Proshares Ultrashort Bitcoin ETF | -0.35 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | KTEC vs SBIT | |
| ProShares Short Bitcoin ETF | -0.35 | -0.21 | — | 61 | Cryptocurrency | KTEC vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.34 | — | — | 75 | Derivative Income | KTEC vs WNTR |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for KTEC, 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 WEX Inc. (WEX) (Technology) with a 1Y correlation of 0.13, down from 0.28 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| WEX Inc. | 0.13 | 0.22 | 0.28 | 52 | Technology | |
| Corcept Therapeutics Incorporated | 0.19 | 0.19 | 0.20 | 72 | Healthcare |
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