Looking to balance out your exposure to KMT? The ETFs below have the lowest correlation with KMT — they tend to move on their own, which can help reduce risk when KMT drops. The stock ideas table highlights individual companies that behave independently from KMT.
Best Diversifiers for KMT
0 ETFs have low correlation with KMT (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.47, roughly unchanged from 0.55 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.47 | 0.47 | 0.55 | 70 | S&P 500 | KMT vs VOO |
Diversification Analysis
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