Looking to balance out your exposure to KBH? The ETFs below have historically moved differently from KBH, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for KBH
2 ETFs have low correlation with KBH (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity MSCI Information Technology Index ETF (FTEC) (Technology Equities) with a 1Y correlation of 0.10, down from 0.39 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity MSCI Information Technology Index ETF | 0.10 | 0.25 | 0.39 | 61 | Technology Equities | KBH vs FTEC | |
| Vanguard S&P 500 ETF | 0.29 | 0.41 | 0.50 | 78 | S&P 500 | KBH vs VOO |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for KBH, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is ProPetro Holding Corp. (PUMP) (Energy) with a 1Y correlation of -0.03, down from 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ProPetro Holding Corp. | -0.03 | 0.13 | 0.14 | 86 | Energy | |
| Madrigal Pharmaceuticals, Inc. | 0.09 | 0.20 | 0.23 | 79 | Healthcare | |
| Tenet Healthcare Corporation | 0.18 | 0.30 | 0.38 | 79 | Healthcare | |
| BorgWarner Inc. | 0.37 | 0.45 | 0.46 | 88 | Consumer Cyclical | |
| United Airlines Holdings, Inc. | 0.38 | 0.37 | 0.38 | 76 | Industrials |
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