Looking to balance out your exposure to KNSA? The ETFs below have historically moved differently from KNSA, 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 KNSA
4 ETFs have low correlation with KNSA (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.06, down from 0.27 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.06 | 0.22 | 0.27 | 58 | Nasdaq-100 | KNSA vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.11 | 0.26 | 0.29 | 78 | S&P 500 | KNSA vs SPY | |
| Vanguard S&P 500 ETF | 0.11 | 0.26 | 0.29 | 78 | S&P 500 | KNSA vs VOO | |
| iMGP DBi Managed Futures Strategy ETF | 0.15 | 0.08 | 0.01 | 89 | Systematic Trend | KNSA vs DBMF |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for KNSA, 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 Warrior Met Coal, Inc. (HCC) (Basic Materials) with a 1Y correlation of -0.12, down from 0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Warrior Met Coal, Inc. | -0.12 | 0.04 | 0.10 | 77 | Basic Materials | |
| Nucor Corporation | -0.08 | 0.11 | 0.09 | 95 | Basic Materials | |
| Arista Networks, Inc. | -0.07 | 0.09 | 0.16 | 75 | Technology | |
| Credo Technology Group Holding Ltd | -0.04 | 0.12 | — | 77 | Technology | |
| Rush Street Interactive, Inc. | -0.03 | 0.14 | 0.24 | 72 | Consumer Cyclical |
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