Looking to balance out your exposure to KAI? The ETFs below have the lowest correlation with KAI — they tend to move on their own, which can help reduce risk when KAI drops. The stock ideas table highlights individual companies that behave independently from KAI.
Best Diversifiers for KAI
0 ETFs have low correlation with KAI (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.45, down from 0.56 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.45 | 0.52 | 0.56 | 70 | S&P 500 | KAI vs VOO | |
| State Street SPDR S&P 500 ETF | 0.46 | 0.52 | 0.56 | 70 | S&P 500 | KAI vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from KAI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to KAI and solid risk/return profiles. The least correlated is Eli Lilly and Company (LLY) (Healthcare) with a 1Y correlation of -0.00, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eli Lilly and Company | -0.00 | 0.07 | 0.13 | 72 | Healthcare | |
| Arista Networks, Inc. | 0.17 | 0.26 | 0.32 | 79 | Technology | |
| Fabrinet | 0.17 | 0.32 | 0.38 | 93 | Technology | |
| Quanta Services, Inc. | 0.31 | 0.38 | 0.45 | 93 | Industrials | |
| Taiwan Semiconductor Manufacturing Company Limited | 0.33 | 0.33 | 0.37 | 95 | Technology |
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