Looking to diversify beyond KWT? The ETFs below have the lowest correlation with KWT — 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 KWT.
Best Diversifiers for KWT
1124 ETFs have low correlation with KWT (below 0.3), 88 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.20, down from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.20 | -0.07 | 0.03 | 53 | Oil & Gas | KWT vs DBE | |
| Return Stacked Bonds & Futures Yield ETF | -0.17 | — | — | 51 | Multistrategy | KWT vs RSBY | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.17 | -0.03 | 0.07 | 51 | Commodities | KWT vs GSG | |
| Cambria Tactical Yield ETF | -0.17 | — | — | 99 | KWT vs TYLD | ||
| Global X MLP ETF | -0.17 | 0.10 | 0.18 | 52 | MLPs | KWT vs MLPA |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from KWT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to KWT and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.19, roughly unchanged from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.19 | 0.22 | 0.27 | 65 | Technology |
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