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
334 ETFs have low correlation with KYLD (below 0.3), 40 of which are negatively correlated. The least correlated is United States Gasoline Fund LP (UGA) (Oil & Gas) with a 1Y correlation of -0.27, roughly unchanged from -0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Gasoline Fund LP | -0.27 | -0.27 | -0.27 | 55 | Oil & Gas | KYLD vs UGA | |
| Brookstone Ultra-Short Bond ETF | -0.12 | -0.12 | -0.12 | 98 | Ultrashort Bond | KYLD vs BAMU | |
| iShares Enhanced Short-Term Bond Active ETF | -0.11 | -0.11 | -0.11 | 99 | Ultrashort Bond | KYLD vs CSHP | |
| Direxion Daily NFLX Bear 1X Shares | -0.09 | -0.09 | -0.09 | 55 | Inverse Equities | KYLD vs NFXS | |
| TCW AAA CLO ETF | -0.09 | -0.09 | -0.09 | 99 | CLO | KYLD vs ACLO |
See all 1918 diversifiers for KYLD
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Diversification Analysis
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