Looking to balance out your exposure to KKPNY? The ETFs below have the lowest correlation with KKPNY — they tend to move on their own, which can help reduce risk when KKPNY drops. The stock ideas table highlights individual companies that behave independently from KKPNY.
Best Diversifiers for KKPNY
1 ETFs have low correlation with KKPNY (below 0.3), 1 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of -0.02, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | -0.02 | 0.04 | 0.14 | 70 | S&P 500 | KKPNY vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from KKPNY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to KKPNY and solid risk/return profiles. The least correlated is Verizon Communications Inc. (VZ) (Communication Services) with a 1Y correlation of 0.29, roughly unchanged from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Verizon Communications Inc. | 0.29 | 0.27 | 0.28 | 59 | Communication Services |
Build a portfolio that complements KKPNY
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