Looking to balance out your exposure to KB? The ETFs below have the lowest correlation with KB — they tend to move on their own, which can help reduce risk when KB drops. The stock ideas table highlights individual companies that behave independently from KB.
Best Diversifiers for KB
0 ETFs have low correlation with KB (below 0.3), 0 of which are negatively correlated. The least correlated is VanEck Semiconductor ETF (SMH) (Semiconductors) with a 1Y correlation of 0.46, roughly unchanged from 0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | 0.46 | 0.38 | 0.41 | 96 | Semiconductors, Technology Equities | KB vs SMH | |
| State Street SPDR Portfolio S&P 500 ETF | 0.47 | 0.42 | 0.44 | 74 | S&P 500 | KB vs SPYM | |
| State Street SPDR S&P 500 ETF | 0.48 | 0.42 | 0.44 | 74 | S&P 500 | KB vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from KB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to KB and solid risk/return profiles. The least correlated is TC Energy Corporation (TRP) (Energy) with a 1Y correlation of 0.14, down from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| TC Energy Corporation | 0.14 | 0.20 | 0.26 | 89 | Energy | |
| National Grid plc | 0.16 | 0.17 | 0.20 | 66 | Utilities | |
| Teva Pharmaceutical Industries Limited | 0.19 | 0.16 | 0.26 | 91 | Healthcare | |
| Novartis AG | 0.27 | 0.18 | 0.21 | 78 | Healthcare | |
| Hubbell Incorporated | 0.29 | 0.29 | 0.30 | 67 | Industrials |
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