Looking to diversify beyond KJD? The ETFs below have the lowest correlation with KJD — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from KJD.
Best Diversifiers for KJD
2 ETFs have low correlation with KJD (below 0.3), 0 of which are negatively correlated. The least correlated is GraniteShares 2x Long MU Daily ETF (MULL) (Leveraged Equities) with a 1Y correlation of 0.26, roughly unchanged from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GraniteShares 2x Long MU Daily ETF | 0.26 | 0.26 | 0.26 | 99 | Leveraged Equities | KJD vs MULL | |
| Leverage Shares 2X Long ARM Daily ETF | 0.27 | 0.27 | 0.27 | 84 | Leveraged Equities | KJD vs ARMG | |
| Direxion Daily Semiconductor Bull 3X ETF | 0.36 | 0.36 | 0.36 | 97 | Leveraged Equities, Semiconductors | KJD vs SOXL | |
| Xtrackers Harvest CSI 500 China A-Shares Small Cap... | 0.37 | 0.37 | 0.37 | 74 | China Equities | KJD vs ASHS | |
| Innovator U.S. Equity Accelerated Plus ETF - July | 0.43 | 0.43 | 0.43 | 71 | Leveraged Equities | KJD vs XTJL |
See all 6 diversifiers for KJD
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