Looking to diversify beyond KMID? The ETFs below have the lowest correlation with KMID — 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 KMID.
Best Diversifiers for KMID
424 ETFs have low correlation with KMID (below 0.3), 55 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.25 | — | — | 71 | Oil & Gas | KMID vs DBE | |
| United States 12 Month Oil Fund LP | -0.24 | — | — | 56 | Oil & Gas | KMID vs USL | |
| United States Oil Fund LP | -0.24 | -0.10 | -0.10 | 66 | Oil & Gas | KMID vs USO | |
| United States Gasoline Fund LP | -0.23 | -0.11 | -0.11 | 69 | Oil & Gas | KMID vs UGA | |
| ProShares Ultra Bloomberg Crude Oil | -0.23 | -0.09 | -0.09 | 54 | Leveraged Commodities | KMID vs UCO |
See all 2103 diversifiers for KMID
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Diversification Analysis
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