Looking to balance out your exposure to KEX? The ETFs below have the lowest correlation with KEX — they tend to move on their own, which can help reduce risk when KEX drops. The stock ideas table highlights individual companies that behave independently from KEX.
Best Diversifiers for KEX
1 ETFs have low correlation with KEX (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Information Technology ETF (VGT) (Technology Equities) with a 1Y correlation of 0.30, roughly unchanged from 0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Information Technology ETF | 0.30 | 0.37 | 0.40 | 50 | Technology Equities | KEX vs VGT | |
| Vanguard S&P 500 ETF | 0.31 | 0.45 | 0.49 | 66 | S&P 500 | KEX vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from KEX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to KEX and solid risk/return profiles. The least correlated is PepsiCo, Inc. (PEP) (Consumer Defensive) with a 1Y correlation of -0.12, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| PepsiCo, Inc. | -0.12 | 0.03 | 0.10 | 53 | Consumer Defensive | |
| The Coca-Cola Company | -0.07 | 0.00 | 0.13 | 84 | Consumer Defensive | |
| Johnson & Johnson | -0.07 | -0.03 | 0.05 | 96 | Healthcare | |
| Eli Lilly and Company | -0.02 | 0.11 | 0.12 | 79 | Healthcare | |
| AbbVie Inc. | -0.02 | 0.05 | 0.11 | 81 | Healthcare |
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