Looking to diversify beyond KMAY? The ETFs below have the lowest correlation with KMAY — 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 KMAY.
Best Diversifiers for KMAY
334 ETFs have low correlation with KMAY (below 0.3), 67 of which are negatively correlated. The least correlated is Defiance Daily Target 2X Short MSTR ETF (SMST) (Inverse Equities) with a 1Y correlation of -0.47, roughly unchanged from -0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.47 | -0.44 | -0.44 | 56 | Inverse Equities | KMAY vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.47 | — | — | 65 | Inverse Equities, Leveraged Equities | KMAY vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.46 | -0.46 | -0.46 | 53 | Cryptocurrency | KMAY vs BITI | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.43 | — | — | 70 | Derivative Income | KMAY vs WNTR | |
| Invesco DB Energy Fund | -0.31 | — | — | 57 | Oil & Gas | KMAY vs DBE |
See all 2058 diversifiers for KMAY
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements KMAY
Add KMAY to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with KMAY