Looking to diversify beyond KNG? The ETFs below have the lowest correlation with KNG — 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 KNG.
Best Diversifiers for KNG
665 ETFs have low correlation with KNG (below 0.3), 31 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.23, down from -0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.23 | -0.13 | -0.09 | 63 | Leveraged Currency | KNG vs YCS | |
| United States Gasoline Fund LP | -0.22 | -0.07 | 0.07 | 55 | Oil & Gas | KNG vs UGA | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.15 | — | — | 97 | Inflation-Protected Bonds | KNG vs RBIL | |
| First Trust Alternative Absolute Return Strategy E... | -0.11 | -0.03 | 0.01 | 75 | Commodities | KNG vs FAAR | |
| WisdomTree Floating Rate Treasury Fund | -0.10 | -0.01 | -0.02 | 100 | Government Bonds, Ultrashort Bond | KNG vs USFR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from KNG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to KNG and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.10, down from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.10 | 0.05 | 0.25 | 72 | Technology | |
| BlackRock Science and Technology Trust | 0.15 | 0.27 | 0.42 | 88 | Financial Services | |
| Alphabet Inc. Class A | 0.17 | 0.19 | 0.35 | 96 | Communication Services | |
| Trinity Capital Inc. | 0.31 | 0.36 | 0.36 | 88 | Financial Services |
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