Looking to diversify beyond KYLD? The ETFs below have the lowest correlation with KYLD — 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 KYLD.
Best Diversifiers for KYLD
394 ETFs have low correlation with KYLD (below 0.3), 61 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.35, roughly unchanged from -0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.35 | -0.35 | -0.35 | 71 | Oil & Gas | KYLD vs DBE | |
| United States Oil Fund LP | -0.33 | -0.33 | -0.33 | 66 | Oil & Gas | KYLD vs USO | |
| United States 12 Month Oil Fund LP | -0.25 | -0.25 | -0.25 | 56 | Oil & Gas | KYLD vs USL | |
| ProShares Ultra Bloomberg Crude Oil | -0.24 | -0.24 | -0.24 | 54 | Leveraged Commodities | KYLD vs UCO | |
| iShares Commodities Select Strategy ETF | -0.17 | -0.17 | -0.17 | 71 | Commodities | KYLD vs COMT |
See all 2072 diversifiers for KYLD
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