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33 Stocks and 67 ETFs for diversifying KSPY (KRANESHARES HEDGEYE HEDGED EQUITY INDEX ETF)

The least correlated asset to KSPY (KRANESHARES HEDGEYE HEDGED EQUITY INDEX ETF) is company Capital Product Partners L P (CPLP). The correlation is -1.

Stocks that lowly correlated with KSPY

SymbolName
Market cap
SectorIndustry
Correlation
CPLPCapital Product Partners L P$355MN/AN/A-1.00
USXU.S. Xpress Enterprises Inc - Class A$332MIndustrialsTrucking-1.00
PTWOUSBC Medical Group Holdings Inc - Units (1 Ord Class A & 1 War)$1.13BN/AN/A-1.00
PLMIUPlum Acquisition Corp I - Units (1 Ord Share Class A & 1/5 War)$232MN/AN/A-0.99
SMTKSmartKem, Inc. Common Stock$4.23MTechnologySemiconductor Equipment & Materials-0.98
GSRMBitcoin Depot Inc - Class A$54MN/AN/A-0.96
ITIIteris Inc$316MN/AN/A-0.86
PIRSPieris Pharmaceuticals Inc$24MN/AN/A-0.85
TWKSThoughtworks Holding Inc$1.45BN/AN/A-0.85
OPTNOptiNose Inc$112MN/AN/A-0.68
CPSRGelesis Holdings Inc - Class A$1.87BN/AN/A-0.67
EDConsolidated Edison Inc$40BUtilitiesUtilities - Regulated Electric-0.65
MLGOMicroAlgo Inc$31MTechnologySoftware - Infrastructure-0.64
RVNCRevance Therapeutics Inc$380MHealthcareBiotechnology-0.63
AWKAmerican Water Works Co. Inc$25BUtilitiesUtilities - Regulated Water-0.62
DUETUDUET Acquisition Corp - Units (1 Ord Share Class A & 1 War)$15MFinancial ServicesShell Companies-0.62
CRVOCervoMed Inc$28MHealthcareBiotechnology-0.61
PRAProAssurance Corporation$1.29BFinancial ServicesInsurance - Property & Casualty-0.59
MCTRCTRL Group Ltd$15MCommunication ServicesAdvertising Agencies-0.58
IROHUCN Healthy Food Tech Group Corp - Units (1 Ord 1 War & 1 Rts)$453MN/AN/A-0.57
HFFGHF Foods Group Inc$90MConsumer DefensiveFood Distribution-0.57
GATEVISTASHARES TARGET 15 GATE ENDOWMENT DISTRIBUTION ETF $425MFinancial ServicesShell Companies-0.56
CURXCuranex Pharmaceuticals Inc$6.11MHealthcareBiotechnology-0.56
GATEUMarblegate Acquisition Corp - Units (1 Ord Share Class A & 1/2 War)$340MFinancial ServicesShell Companies-0.56
OPOFOld Point Financial Corp$215MFinancial ServicesBanks - Regional-0.55
CDMOAvid Bioservices Inc$797MN/AN/A-0.55
RCMR1 RCM Inc$6.04BHealthcareHealth Information Services-0.54
AACIWArmada Acquisition Corp I - Warrants (13/08/2026)$20MN/AN/A-0.53
TMDETMD Energy Ltd$21MEnergyOil & Gas Midstream-0.53
TRONCorner Growth Acquisition Corp 2 - Class A$700MConsumer CyclicalLeisure-0.52
VSTAVasta Platform Ltd Class A$394MConsumer DefensiveEducation & Training Services-0.52
AMTAmerican Tower Corp$79BReal EstateReit - Specialty-0.52
CLIKClick Holdings Ltd$4.19MConsumer CyclicalPersonal Services-0.50

ETFs that lowly correlated with KSPY

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
CLIMCLIMATE GLOBAL - CLIMATE RESILIENT REIT INDEX ETF $1.30M0.90%Mar 11, 2026-0.94
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $195M0.48%Jun 8, 2016-0.89
SHProShares Short S&P500 -1x Shares$973M0.89%Jun 19, 2006-0.89
SDSProShares UltraShort S&P500 -2x Shares$398MN/AJul 11, 2006-0.88
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.84
DXDPROSHARES ULTRASHORT DOW30 $46MN/AJul 11, 2006-0.84
UVIX2x Long VIX Futures ETF$290MN/AMar 28, 2022-0.83
PSQProShares Short QQQ -1x Shares$601M0.95%Jun 19, 2006-0.83
RWMPROSHARES SHORT RUSSELL2000 $113M0.95%Jan 23, 2007-0.83
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$17MN/ANov 7, 2019-0.83
QQQDDIREXION DAILY MAGNIFICENT 7 BEAR 1X SHARES $35M0.50%Mar 6, 2024-0.82
SARKTRADR 1X SHORT INNOVATION DAILY ETF $43M0.92%Nov 5, 2021-0.82
BTALAGF U.S. MARKET NEUTRAL ANTI-BETA FUND $283M1.40%Sep 13, 2011-0.80
FIYYGRANITESHARES YIELDBOOST 20Y+ TREASURIES ETF $732K1.07%May 4, 2026-0.80
SBBProShares Short SmallCap600 -1x Shares$3.30M0.95%Jan 23, 2007-0.79
AIBDDirexion Daily AI and Big Data Bear 2X ETF$4.70MN/AMay 15, 2024-0.79
MYYPROSHARES SHORT MIDCAP400 $2.90M0.95%Jun 19, 2006-0.79
TAILCAMBRIA TAIL RISK ETF $147M0.59%Apr 5, 2017-0.78
MZZPROSHARES ULTRASHORT MIDCAP400 $2.40MN/AJul 11, 2006-0.78
TWMProShares UltraShort Russell2000 -2x Shares$38MN/AJan 23, 2007-0.78
VIXMProShares VIX Mid-Term Futures ETF$40M0.92%Jan 3, 2011-0.77
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$35M0.89%Jan 17, 2018-0.77
SCCProShares UltraShort Consumer Discretionary$6.80MN/AJan 30, 2007-0.76
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.80M1.01%Oct 2, 2024-0.76
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.20MN/AJan 23, 2007-0.74
YQQQYIELDMAX(R) SHORT N100 OPTION INCOME STRATEGY ETF $16M1.11%Aug 14, 2024-0.74
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $8.70MN/ANov 7, 2019-0.74
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $82M0.79%Jun 28, 2024-0.73
NVDDDIREXION DAILY NVDA BEAR 1X SHARES $19M1.01%Sep 12, 2023-0.72
NVDSTradr 1.5X Short NVDA Daily ETF$18MN/AJul 13, 2022-0.70
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.70
SLTYYIELDMAX(R) ULTRA SHORT OPTION INCOME STRATEGY ETF $19M1.25%Aug 20, 2025-0.69
NVDQT-REX 2X INVERSE NVIDIA DAILY TARGET ETF $22MN/AOct 18, 2023-0.69
NVDGRANITESHARES 2X SHORT NVDA DAILY ETF $61MN/AAug 21, 2023-0.69
PANGLEVERAGE SHARES 2X LONG PANW DAILY ETF $8.90MN/AMar 20, 2025-0.68
DIPSYIELDMAX(R) SHORT NVDA OPTION INCOME STRATEGY ETF $8.20M1.05%Jul 23, 2024-0.68
GGLSDirexion Daily GOOGL Bear 1X ETF$13M1.02%Sep 6, 2022-0.67
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $11M6.22%Jul 10, 2018-0.66
AMZDDIREXION DAILY AMZN BEAR 1X SHARES $10M1.02%Sep 6, 2022-0.65
SDOWProShares UltraPro Short Dow30 -3x Shares$185MN/AFeb 9, 2010-0.64
SIJProShares UltraShort Industrials -2x Shares$5.50MN/AJan 30, 2007-0.63
EMTYProShares Decline of the Retail Store ETF -1x Shares$3M0.65%Nov 14, 2017-0.63
SEFProShares Short Financials -1x Shares$14M0.95%Jun 10, 2008-0.62
IBICISHARES IBONDS OCT 2026 TERM TIPS ETF $86M0.10%Sep 13, 2023-0.62
METDDIREXION DAILY META BEAR 1X SHARES $7.90M1.02%Jun 5, 2024-0.62
XLEISTATE STREET(R) ENERGY SELECT SECTOR SPDR(R) PREMIUM INCOME ETF STATE STREET(R)ENERGY SELECT SECTOR SPDR(R) PREMIUM INCOME ETF$40M0.35%Jul 29, 2025-0.61
AVSDIREXION DAILY AVGO BEAR 1X SHARES $7.50M1.03%Oct 9, 2024-0.61
IVOLQUADRATIC INTEREST RATE VOLATILITY AND INFLATION HEDGE ETF $276M0.98%May 13, 2019-0.61
SKFProShares UltraShort Financials -2x Shares$11MN/AMay 23, 2007-0.60
SKRETUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF $5.20MN/AJan 3, 2024-0.59
SJBPROSHARES SHORT HIGH YIELD $56M0.95%Mar 21, 2011-0.58
CCUPT-REX 2X LONG CRCL DAILY TARGET ETF $25MN/AAug 8, 2025-0.58
CRCGLEVERAGE SHARES 2X LONG CRCL DAILY ETF $67MN/AAug 8, 2025-0.58
SHRTGOTHAM SHORT STRATEGIES ETF $14M1.35%Jul 31, 2017-0.57
TNGYTORTOISE ENERGY ETF $515M0.85%Dec 27, 2010-0.57
AAPDDIREXION DAILY AAPL BEAR 1X SHARES $14M0.96%Aug 8, 2022-0.57
BNKDBank of Montreal$1.10MN/AFeb 20, 2025-0.57
CRSHYIELDMAX(R) SHORT TSLA OPTION INCOME STRATEGY ETF $16M1.05%May 1, 2024-0.56
SETHProShares Short Ether ETF$23M0.95%Nov 1, 2023-0.56
GXPEGLOBAL X PURECAP MSCI ENERGY ETF $1.20M0.15%Jul 22, 2025-0.55
SMDDProShares UltraPro Short MidCap400 -3x Shares$1.90MN/AFeb 9, 2010-0.54
TSLQTradr 2X Short TSLA Daily ETF$114MN/AJul 13, 2022-0.54
ETHDProShares UltraShort Ether ETF$86MN/AJun 6, 2024-0.54
MSFDDIREXION DAILY MSFT BEAR 1X SHARES $11M1.02%Sep 6, 2022-0.53
IBIDISHARES IBONDS OCT 2027 TERM TIPS ETF $117M0.10%Sep 13, 2023-0.53
FIATYIELDMAX(R) SHORT COIN OPTION INCOME STRATEGY ETF $35M1.05%Jul 9, 2024-0.50
EUMProShares Short MSCI Emerging Markets -1x Shares$9.80M0.95%Oct 30, 2007-0.50