Looking to diversify beyond KNG? The ETFs below have historically moved differently from KNG, 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 KNG
1039 ETFs have low correlation with KNG (below 0.3), 89 of which are negatively correlated. The least correlated is United States Gasoline Fund, LP (UGA) (Oil & Gas) with a 1Y correlation of -0.27, down from 0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Gasoline Fund, LP | -0.27 | -0.11 | 0.04 | 83 | Oil & Gas | KNG vs UGA | |
| Invesco DB Energy Fund | -0.27 | -0.12 | 0.06 | 66 | Oil & Gas | KNG vs DBE | |
| Invesco DB Oil Fund | -0.25 | -0.11 | 0.06 | 51 | Oil & Gas | KNG vs DBO | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.23 | -0.07 | 0.09 | 61 | Commodities | KNG vs GSG | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.22 | -0.06 | 0.10 | 70 | Commodities | KNG vs PDBC |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for KNG, 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 NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.14, down from 0.24 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.14 | 0.02 | 0.24 | 61 | Technology | |
| Kingboard Chemical Holdings Ltd ADR | -0.07 | -0.03 | -0.03 | 80 | Industrials | |
| BlackRock Science and Technology Trust | 0.06 | 0.23 | 0.39 | 84 | Financial Services | |
| Alphabet Inc. Class A | 0.16 | 0.19 | 0.34 | 96 | Communication Services | |
| Trinity Capital Inc. | 0.28 | 0.36 | 0.36 | 86 | Financial Services |
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