Looking to diversify beyond KEMX? The ETFs below have the lowest correlation with KEMX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from KEMX.
Best Diversifiers for KEMX
408 ETFs have low correlation with KEMX (below 0.3), 68 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.43, down from -0.31 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.43 | -0.31 | — | 53 | Cryptocurrency | KEMX vs BITI | |
| Defiance Daily Target 2X Short MSTR ETF | -0.38 | — | — | 56 | Inverse Equities | KEMX vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.38 | — | — | 65 | Inverse Equities, Leveraged Equities | KEMX vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.37 | -0.36 | -0.36 | 70 | Derivative Income | KEMX vs WNTR | |
| ProShares UltraShort Yen | -0.25 | -0.18 | -0.17 | 72 | Leveraged Currency | KEMX vs YCS |
See all 2063 diversifiers for KEMX
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