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
418 ETFs have low correlation with KYLD (below 0.3), 55 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.62, roughly unchanged from -0.62 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.62 | -0.62 | -0.62 | 57 | Cryptocurrency | KYLD vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.62 | -0.62 | -0.62 | 52 | Cryptocurrency, Leveraged Cryptocurrency | KYLD vs SBIT | |
| Invesco DB Energy Fund | -0.30 | -0.30 | -0.30 | 53 | Oil & Gas | KYLD vs DBE | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.18 | -0.18 | -0.18 | 97 | Inflation-Protected Bonds | KYLD vs RBIL | |
| Alerian MLP ETF | -0.15 | -0.15 | -0.15 | 54 | MLPs | KYLD vs AMLP |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from KYLD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to KYLD and solid risk/return profiles. The least correlated is BlackRock Capital Allocation Term Trust (BCAT) (Financial Services) with a 1Y correlation of 0.62, roughly unchanged from 0.62 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BlackRock Capital Allocation Term Trust | 0.62 | 0.62 | 0.62 | 94 | Financial Services |
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