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
13 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 -0.10, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Energy Select Sector SPDR ETF | -0.10 | 0.05 | 0.18 | 59 | Energy Equities | KGC vs XLE | |
| Vanguard Energy ETF | -0.09 | 0.07 | 0.19 | 60 | Energy Equities | KGC vs VDE | |
| PIMCO Enhanced Short Maturity Active ETF | 0.02 | -0.01 | 0.10 | 100 | Ultrashort Bond | KGC vs MINT | |
| Direxion Daily GOOGL Bull 2X Shares | 0.25 | 0.15 | — | 93 | Leveraged Equities | KGC vs GGLL | |
| FolioBeyond Enhanced Fixed Income Premium ETF | 0.25 | — | — | 81 | Multisector Bonds | KGC vs FIXP |
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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 Par Pacific Holdings, Inc. (PARR) (Energy) with a 1Y correlation of -0.17, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Par Pacific Holdings, Inc. | -0.17 | -0.05 | 0.09 | 91 | Energy | |
| Vista Oil & Gas, S.A.B. de C.V. | -0.14 | 0.07 | 0.16 | 70 | Energy | |
| Apache Corporation | -0.14 | 0.04 | 0.15 | 89 | Energy | |
| Exxon Mobil Corporation | -0.14 | 0.01 | 0.13 | 78 | Energy | |
| The Allstate Corporation | -0.09 | 0.04 | 0.09 | 76 | Financial Services |
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