Looking to balance out your exposure to KWHIY? The ETFs below have the lowest correlation with KWHIY — they tend to move on their own, which can help reduce risk when KWHIY drops. The stock ideas table highlights individual companies that behave independently from KWHIY.
Best Diversifiers for KWHIY
0 ETFs have low correlation with KWHIY (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.34, roughly unchanged from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.34 | 0.30 | 0.24 | 74 | S&P 500 | KWHIY vs VOO | |
| ProShares Ultra S&P500 | 0.34 | 0.30 | 0.24 | 67 | Leveraged Equities, S&P 500 | KWHIY vs SSO | |
| ProShares UltraPro S&P 500 | 0.34 | 0.30 | 0.24 | 66 | Leveraged Equities, S&P 500 | KWHIY vs UPRO | |
| State Street SPDR S&P 500 ETF | 0.35 | 0.30 | 0.24 | 74 | S&P 500 | KWHIY vs SPY | |
| Vanguard Total Stock Market ETF | 0.35 | 0.31 | 0.25 | 73 | Large Cap Blend Equities | KWHIY vs VTI |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from KWHIY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to KWHIY and solid risk/return profiles. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.02, roughly unchanged from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.02 | 0.03 | 0.04 | 62 | Consumer Defensive | |
| Petróleo Brasileiro S.A. - Petrobras | 0.03 | 0.13 | 0.11 | 88 | Energy | |
| Walmart Inc. | 0.11 | 0.12 | 0.11 | 66 | Consumer Defensive | |
| Eli Lilly and Company | 0.11 | 0.18 | 0.10 | 75 | Healthcare | |
| NVIDIA Corporation | 0.15 | 0.16 | 0.15 | 80 | Technology |
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