Looking to balance out your exposure to KBH? The ETFs below have the lowest correlation with KBH — they tend to move on their own, which can help reduce risk when KBH drops. The stock ideas table highlights individual companies that behave independently from KBH.
Best Diversifiers for KBH
1 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 0.12, down from 0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity MSCI Information Technology Index ETF | 0.12 | 0.28 | 0.40 | 77 | Technology Equities | KBH vs FTEC | |
| Vanguard S&P 500 ETF | 0.32 | 0.43 | 0.51 | 70 | S&P 500 | KBH vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from KBH, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to KBH and solid risk/return profiles. The least correlated is ProPetro Holding Corp. (PUMP) (Energy) with a 1Y correlation of 0.04, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ProPetro Holding Corp. | 0.04 | 0.17 | 0.16 | 90 | Energy | |
| Madrigal Pharmaceuticals, Inc. | 0.12 | 0.20 | 0.23 | 79 | Healthcare | |
| United Airlines Holdings, Inc. | 0.36 | 0.35 | 0.37 | 60 | Industrials | |
| BorgWarner Inc. | 0.46 | 0.47 | 0.48 | 95 | Consumer Cyclical | |
| Toll Brothers, Inc. | 0.83 | 0.86 | 0.87 | 66 | Consumer Cyclical |
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