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
346 ETFs have low correlation with KMID (below 0.3), 51 of which are negatively correlated. The least correlated is Defiance Daily Target 2X Short MSTR ETF (SMST) (Inverse Equities) with a 1Y correlation of -0.29, roughly unchanged from -0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.29 | -0.29 | -0.29 | 56 | Inverse Equities | KMID vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.29 | -0.29 | -0.29 | 65 | Inverse Equities, Leveraged Equities | KMID vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.28 | -0.31 | -0.31 | 70 | Derivative Income | KMID vs WNTR | |
| ProShares Short Bitcoin ETF | -0.27 | -0.29 | -0.29 | 53 | Cryptocurrency | KMID vs BITI | |
| Invesco DB Energy Fund | -0.23 | — | — | 57 | Oil & Gas | KMID vs DBE |
See all 2056 diversifiers for KMID
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