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
20 ETFs have low correlation with KGC (below 0.3), 2 of which are negatively correlated. The least correlated is State Street Energy Select Sector SPDR ETF (XLE) (Energy Equities) with a 1Y correlation of -0.08, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Energy Select Sector SPDR ETF | -0.08 | 0.08 | 0.19 | 63 | Energy Equities | KGC vs XLE | |
| Vanguard Energy ETF | -0.06 | 0.10 | 0.20 | 64 | Energy Equities | KGC vs VDE | |
| Direxion Daily GOOGL Bull 2X Shares | 0.18 | 0.14 | — | 94 | Leveraged Equities | KGC vs GGLL | |
| FolioBeyond Enhanced Fixed Income Premium ETF | 0.19 | — | — | 70 | Multisector Bonds | KGC vs FIXP | |
| FT Cboe Vest U.S. Equity Moderate Buffer ETF - Jun... | 0.23 | — | — | 81 | Options Trading | KGC vs GJUN |
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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 Vista Oil & Gas, S.A.B. de C.V. (VIST) (Energy) with a 1Y correlation of -0.16, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Vista Oil & Gas, S.A.B. de C.V. | -0.16 | 0.08 | 0.16 | 68 | Energy | |
| Apache Corporation | -0.13 | 0.05 | 0.16 | 90 | Energy | |
| Exxon Mobil Corporation | -0.10 | 0.04 | 0.15 | 85 | Energy | |
| Coterra Energy Inc. | -0.07 | 0.10 | 0.15 | 79 | Energy | |
| Verizon Communications Inc. | -0.06 | 0.08 | 0.16 | 59 | Communication Services |
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