Looking to balance out your exposure to KCDMY? The ETFs below have the lowest correlation with KCDMY — they tend to move on their own, which can help reduce risk when KCDMY drops. The stock ideas table highlights individual companies that behave independently from KCDMY.
Best Diversifiers for KCDMY
1 ETFs have low correlation with KCDMY (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 0.26, roughly unchanged from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.26 | 0.20 | 0.22 | 70 | S&P 500 | KCDMY vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from KCDMY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to KCDMY and solid risk/return profiles. The least correlated is Triton International Ltd (TRTN-PA) (Industrials) with a 1Y correlation of 0.01, roughly unchanged from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Triton International Ltd | 0.01 | 0.01 | 0.07 | 81 | Industrials | |
| American Electric Power Company, Inc. | 0.04 | 0.09 | 0.09 | 79 | Utilities | |
| Lincoln Educational Services Corporation | 0.08 | 0.09 | 0.12 | 89 | Consumer Defensive | |
| Triton International Ltd | 0.09 | 0.04 | 0.06 | 90 | Industrials | |
| Smithfield Foods, Inc | 0.11 | 0.08 | 0.08 | 57 | Consumer Defensive |
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