Looking to balance out your exposure to KEY? The ETFs below have the lowest correlation with KEY — they tend to move on their own, which can help reduce risk when KEY drops. The stock ideas table highlights individual companies that behave independently from KEY.
Best Diversifiers for KEY
1 ETFs have low correlation with KEY (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco PHLX Semiconductor ETF (SOXQ) (Semiconductors) with a 1Y correlation of 0.21, down from 0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco PHLX Semiconductor ETF | 0.21 | 0.29 | 0.38 | 96 | Semiconductors, Technology Equities | KEY vs SOXQ | |
| State Street SPDR S&P 500 ETF | 0.40 | 0.46 | 0.55 | 63 | S&P 500 | KEY vs SPY | |
| Vanguard S&P 500 ETF | 0.40 | 0.46 | 0.55 | 63 | S&P 500 | KEY vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from KEY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to KEY and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.07, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.07 | 0.12 | 0.22 | 78 | Consumer Defensive | |
| Duke Energy Corporation | -0.02 | 0.08 | 0.13 | 67 | Utilities | |
| BCE Inc. | -0.01 | 0.11 | 0.22 | 60 | Communication Services | |
| Datadog, Inc. | 0.00 | 0.18 | 0.23 | 74 | Technology | |
| TC Energy Corporation | 0.00 | 0.23 | 0.32 | 96 | Energy |
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