Looking to balance out your exposure to KWHIY? The ETFs below have historically moved differently from KWHIY, 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 KWHIY
0 ETFs have low correlation with KWHIY (below 0.3), 0 of which are negatively correlated. The least correlated is ProShares Ultra S&P500 (SSO) (Leveraged Equities) with a 1Y correlation of 0.32, roughly unchanged from 0.24 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra S&P500 | 0.32 | 0.31 | 0.24 | 54 | Leveraged Equities, S&P 500 | KWHIY vs SSO | |
| ProShares UltraPro S&P 500 | 0.32 | 0.31 | 0.24 | 50 | Leveraged Equities, S&P 500 | KWHIY vs UPRO | |
| State Street SPDR S&P 500 ETF | 0.32 | 0.31 | 0.25 | 67 | S&P 500 | KWHIY vs SPY | |
| Vanguard S&P 500 ETF | 0.34 | 0.32 | 0.25 | 68 | S&P 500 | KWHIY vs VOO | |
| Vanguard Total Stock Market ETF | 0.35 | 0.32 | 0.25 | 67 | Large Cap Blend Equities | KWHIY vs VTI |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for KWHIY, 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 The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.11, down from 0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.11 | 0.02 | 0.02 | 90 | Consumer Defensive | |
| Petróleo Brasileiro S.A. - Petrobras | 0.04 | 0.12 | 0.11 | 85 | Energy | |
| Walmart Inc. | 0.07 | 0.10 | 0.10 | 62 | Consumer Defensive | |
| Eli Lilly and Company | 0.08 | 0.17 | 0.10 | 83 | Healthcare | |
| NVIDIA Corporation | 0.18 | 0.17 | 0.16 | 56 | Technology |
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