Looking to diversify beyond KEMX? The ETFs below have historically moved differently from KEMX, 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 KEMX
488 ETFs have low correlation with KEMX (below 0.3), 95 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.44, down from -0.32 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.44 | -0.32 | — | 51 | Cryptocurrency | KEMX vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.39 | — | — | 69 | Derivative Income | KEMX vs WNTR | |
| Invesco DB Energy Fund | -0.25 | -0.03 | 0.10 | 66 | Oil & Gas | KEMX vs DBE | |
| iShares U.S. Insurance ETF | -0.23 | 0.03 | 0.24 | 54 | Financials Equities | KEMX vs IAK | |
| ProShares UltraShort Yen | -0.22 | -0.17 | -0.17 | 59 | Leveraged Currency | KEMX vs YCS |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for KEMX, 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 Howmet Aerospace Inc. (HWM) (Industrials) with a 1Y correlation of 0.36, roughly unchanged from 0.45 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Howmet Aerospace Inc. | 0.36 | 0.37 | 0.45 | 89 | Industrials | |
| Lumentum Holdings Inc. | 0.41 | 0.45 | 0.46 | 98 | Technology | |
| Applied Digital Corporation | 0.50 | 0.40 | 0.35 | 82 | Technology | |
| NVIDIA Corporation | 0.53 | 0.49 | 0.54 | 61 | Technology | |
| Micron Technology, Inc. | 0.66 | 0.58 | 0.58 | 99 | Technology |
Build a portfolio that complements KEMX
Add KEMX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with KEMX