Looking to balance out your exposure to KGC? The ETFs below have the lowest correlation with KGC — they tend to move on their own, which can help reduce risk when KGC drops. The stock ideas table highlights individual companies that behave independently from KGC.
Best Diversifiers for KGC
10 ETFs have low correlation with KGC (below 0.3), 1 of which are negatively correlated. The least correlated is PIMCO Enhanced Short Maturity Active ETF (MINT) (Ultrashort Bond) with a 1Y correlation of -0.02, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO Enhanced Short Maturity Active ETF | -0.02 | -0.01 | 0.09 | 100 | Ultrashort Bond | KGC vs MINT | |
| Direxion Daily GOOGL Bull 2X Shares | 0.24 | 0.15 | — | 94 | Leveraged Equities | KGC vs GGLL | |
| FolioBeyond Enhanced Fixed Income Premium ETF | 0.24 | — | — | 70 | Multisector Bonds | KGC vs FIXP | |
| iShares 1-3 Year Treasury Bond ETF | 0.26 | 0.21 | 0.24 | 80 | Government Bonds, Short-Term Bond | KGC vs SHY | |
| VanEck Semiconductor ETF | 0.27 | 0.22 | 0.24 | 95 | Semiconductors, Technology Equities | KGC vs SMH |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from KGC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to KGC and solid risk/return profiles. The least correlated is Apache Corporation (APA) (Energy) with a 1Y correlation of -0.14, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Apache Corporation | -0.14 | 0.05 | 0.15 | 88 | Energy | |
| Vista Oil & Gas, S.A.B. de C.V. | -0.13 | 0.09 | 0.16 | 65 | Energy | |
| Exxon Mobil Corporation | -0.12 | 0.03 | 0.14 | 75 | Energy | |
| Verizon Communications Inc. | -0.07 | 0.08 | 0.15 | 66 | Communication Services | |
| Chubb Limited | -0.06 | -0.01 | 0.08 | 73 | Financial Services |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements KGC
Add KGC to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with KGC