Looking to balance out your exposure to KNF? The ETFs below have the lowest correlation with KNF — they tend to move on their own, which can help reduce risk when KNF drops. The stock ideas table highlights individual companies that behave independently from KNF.
Best Diversifiers for KNF
0 ETFs have low correlation with KNF (below 0.3), 0 of which are negatively correlated. The least correlated is Defiance Quantum ETF (QTUM) (Technology Equities) with a 1Y correlation of 0.32, down from 0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Quantum ETF | 0.32 | 0.44 | 0.44 | 91 | Technology Equities | KNF vs QTUM | |
| ProShares UltraPro S&P 500 | 0.41 | 0.53 | — | 66 | Leveraged Equities, S&P 500 | KNF vs UPRO | |
| State Street SPDR S&P 500 ETF | 0.41 | 0.53 | — | 74 | S&P 500 | KNF vs SPY | |
| Invesco S&P MidCap Momentum ETF | 0.46 | 0.60 | — | 71 | Momentum, Mid Cap Growth Equities | KNF vs XMMO | |
| Schwab Fundamental U.S. Large Company Index ETF | 0.52 | 0.56 | — | 92 | Large Cap Value Equities | KNF vs FNDX |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from KNF, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to KNF and solid risk/return profiles. The least correlated is Fortinet, Inc. (FTNT) (Technology) with a 1Y correlation of -0.03, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Fortinet, Inc. | -0.03 | 0.18 | 0.18 | 69 | Technology | |
| Scholar Rock Holding Corporation | 0.03 | 0.21 | 0.21 | 66 | Healthcare | |
| Credo Technology Group Holding Ltd | 0.03 | 0.27 | 0.27 | 85 | Technology | |
| Applied Optoelectronics, Inc. | 0.03 | — | — | 98 | Technology | |
| AppLovin Corporation | 0.08 | — | — | 57 | Technology |
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