Looking to diversify beyond KMID? The ETFs below have historically moved differently from KMID, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for KMID
330 ETFs have low correlation with KMID (below 0.3), 79 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax MSTR Short Option Income Strategy ETF | -0.27 | — | — | 69 | Derivative Income | KMID vs WNTR | |
| ProShares Short Bitcoin ETF | -0.26 | — | — | 51 | Cryptocurrency | KMID vs BITI | |
| Invesco DB Energy Fund | -0.25 | -0.14 | -0.14 | 66 | Oil & Gas | KMID vs DBE | |
| Invesco DB Oil Fund | -0.23 | -0.11 | -0.11 | 51 | Oil & Gas | KMID vs DBO | |
| FolioBeyond Alternative Income and Interest Rate H... | -0.22 | -0.15 | -0.15 | 51 | Nontraditional Bonds | KMID vs RISR |
See all 2282 diversifiers for KMID
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