Looking to balance out your exposure to KMI? The ETFs below have the lowest correlation with KMI — they tend to move on their own, which can help reduce risk when KMI drops. The stock ideas table highlights individual companies that behave independently from KMI.
Best Diversifiers for KMI
36 ETFs have low correlation with KMI (below 0.3), 21 of which are negatively correlated. The least correlated is State Street Technology Select Sector SPDR ETF (XLK) (Technology Equities) with a 1Y correlation of -0.15, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Technology Select Sector SPDR ETF | -0.15 | 0.07 | 0.20 | 66 | Technology Equities | KMI vs XLK | |
| Invesco QQQ ETF | -0.15 | 0.08 | 0.22 | 61 | Nasdaq-100 | KMI vs QQQ | |
| JPMorgan Nasdaq Equity Premium Income ETF | -0.14 | 0.08 | 0.22 | 68 | Nasdaq-100, Derivative Income | KMI vs JEPQ | |
| NEOS Nasdaq-100 High Income ETF | -0.13 | 0.08 | 0.08 | 58 | Nasdaq-100, Derivative Income | KMI vs QQQI | |
| Global X Artificial Intelligence & Technology ETF | -0.13 | 0.10 | 0.22 | 57 | Technology Equities | KMI vs AIQ |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from KMI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to KMI and solid risk/return profiles. The least correlated is Broadcom Inc. (AVGO) (Technology) with a 1Y correlation of -0.17, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Broadcom Inc. | -0.17 | 0.02 | 0.15 | 72 | Technology | |
| Amazon.com, Inc | -0.16 | 0.00 | 0.12 | 54 | Consumer Cyclical | |
| Waters Corporation | -0.15 | 0.08 | 0.19 | 64 | Healthcare | |
| United Airlines Holdings, Inc. | -0.13 | 0.15 | 0.23 | 69 | Industrials | |
| ASML Holding N.V. | -0.13 | 0.04 | 0.16 | 94 | Technology |
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