Looking to diversify beyond KMLM? The ETFs below have historically moved differently from KMLM, 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 KMLM
2226 ETFs have low correlation with KMLM (below 0.3), 1897 of which are negatively correlated. The least correlated is First Trust Limited Duration Investment Grade Corporate ETF (FSIG) (Short-Term Bond) with a 1Y correlation of -0.33, roughly unchanged from -0.28 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| First Trust Limited Duration Investment Grade Corp... | -0.33 | -0.28 | — | 54 | Short-Term Bond, Investment Grade Bonds | KMLM vs FSIG | |
| JPMorgan Income ETF | -0.32 | -0.24 | — | 95 | Multisector Bonds | KMLM vs JPIE | |
| iShares 0-5 Year Investment Grade Corporate Bond E... | -0.32 | -0.26 | -0.35 | 88 | Corporate Bonds, Investment Grade Bonds | KMLM vs SLQD | |
| Astoria Dynamic Core US Fixed Income ETF | -0.32 | — | — | 50 | Multisector Bonds | KMLM vs AGGA | |
| F/M 2-Year Investment Grade Corporate Bond ETF | -0.32 | — | — | 91 | Short-Term Bond, Investment Grade Bonds | KMLM vs ZTWO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for KMLM, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Annaly Capital Management, Inc. (NLY) (Real Estate) with a 1Y correlation of -0.21, roughly unchanged from -0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Annaly Capital Management, Inc. | -0.21 | -0.15 | -0.14 | 79 | Real Estate | |
| General Electric Company | -0.19 | -0.07 | -0.10 | 76 | Industrials | |
| Eli Lilly and Company | -0.18 | -0.02 | -0.04 | 79 | Healthcare | |
| VSE Corporation | -0.18 | -0.07 | -0.12 | 70 | Industrials | |
| Colgate-Palmolive Company | -0.17 | -0.05 | -0.11 | 57 | Consumer Defensive |
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