Looking to balance out your exposure to KGS? The ETFs below have the lowest correlation with KGS — they tend to move on their own, which can help reduce risk when KGS drops. The stock ideas table highlights individual companies that behave independently from KGS.
Best Diversifiers for KGS
12 ETFs have low correlation with KGS (below 0.3), 0 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of 0.07, down from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | 0.07 | 0.27 | 0.27 | 66 | Oil & Gas | KGS vs USO | |
| iShares S&P GSCI Commodity-Indexed Trust | 0.10 | 0.30 | 0.30 | 71 | Commodities | KGS vs GSG | |
| Global X NASDAQ 100 Covered Call ETF | 0.14 | 0.22 | 0.22 | 88 | Nasdaq-100, Derivative Income | KGS vs QYLD | |
| YieldMax NVDA Option Income Strategy ETF | 0.15 | 0.17 | 0.17 | 52 | Derivative Income, Options Trading | KGS vs NVDY | |
| State Street SPDR Portfolio S&P 500 Growth ETF | 0.15 | — | — | 57 | S&P 500, Large Cap Growth Equities | KGS vs SPYG |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from KGS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to KGS and solid risk/return profiles. The least correlated is Dynex Capital, Inc. (DX) (Real Estate) with a 1Y correlation of 0.06, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Dynex Capital, Inc. | 0.06 | 0.18 | 0.18 | 74 | Real Estate | |
| AGNC Investment Corp. | 0.08 | 0.18 | 0.18 | 76 | Real Estate | |
| Xenon Pharmaceuticals Inc. | 0.16 | — | — | 86 | Healthcare | |
| Bloom Energy Corporation | 0.16 | 0.22 | 0.22 | 99 | Industrials | |
| Eaton Vance Tax-Managed Buy-Write Opportunities Fu... | 0.17 | 0.22 | 0.22 | 79 | Financial Services |
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