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
291 ETFs have low correlation with KMAY (below 0.3), 36 of which are negatively correlated. The least correlated is YieldMax Short MSTR Option Income Strategy ETF (WNTR) (Derivative Income) with a 1Y correlation of -0.44, roughly unchanged from -0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax Short MSTR Option Income Strategy ETF | -0.44 | -0.44 | -0.44 | 51 | Derivative Income | KMAY vs WNTR | |
| United States Gasoline Fund LP | -0.22 | — | — | 60 | Oil & Gas | KMAY vs UGA | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.20 | -0.20 | -0.20 | 97 | Inflation-Protected Bonds | KMAY vs RBIL | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.19 | -0.23 | -0.23 | 98 | Inflation-Protected Bonds | KMAY vs IBIC | |
| ProShares UltraShort Yen | -0.18 | -0.07 | -0.07 | 73 | Leveraged Currency | KMAY vs YCS |
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