Looking to balance out your exposure to KMX? The ETFs below have the lowest correlation with KMX — they tend to move on their own, which can help reduce risk when KMX drops. The stock ideas table highlights individual companies that behave independently from KMX.
Best Diversifiers for KMX
0 ETFs have low correlation with KMX (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 0.34, down from 0.52 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.34 | 0.43 | 0.52 | 74 | S&P 500 | KMX vs VOO | |
| State Street SPDR S&P 500 ETF | 0.34 | 0.43 | 0.52 | 74 | S&P 500 | KMX vs SPY | |
| Schwab U.S. Dividend Equity ETF | 0.44 | 0.51 | 0.54 | 85 | Dividend | KMX vs SCHD |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from KMX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to KMX and solid risk/return profiles. The least correlated is Kinder Morgan, Inc. (KMI) (Energy) with a 1Y correlation of 0.00, down from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Kinder Morgan, Inc. | 0.00 | 0.19 | 0.26 | 66 | Energy | |
| Uranium Energy Corp. | 0.11 | 0.11 | 0.21 | 81 | Energy | |
| LightPath Technologies, Inc. | 0.12 | 0.05 | 0.14 | 95 | Technology | |
| Micron Technology, Inc. | 0.13 | 0.22 | 0.31 | 99 | Technology | |
| Tesla, Inc. | 0.13 | 0.23 | 0.31 | 58 | Consumer Cyclical |
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