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
1 ETFs have low correlation with KJD (below 0.3), 0 of which are negatively correlated. The least correlated is Leverage Shares 2X Long AMD Daily ETF (AMDG) (Leveraged Equities) with a 1Y correlation of 0.25, roughly unchanged from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Leverage Shares 2X Long AMD Daily ETF | 0.25 | 0.25 | 0.25 | 94 | Leveraged Equities | KJD vs AMDG |
Diversification Analysis
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