Looking to balance out your exposure to KNSA? The ETFs below have the lowest correlation with KNSA — they tend to move on their own, which can help reduce risk when KNSA drops. The stock ideas table highlights individual companies that behave independently from KNSA.
Best Diversifiers for KNSA
2 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 0.12, down from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.12 | 0.24 | 0.28 | 59 | Nasdaq-100 | KNSA vs QQQ | |
| Vanguard S&P 500 ETF | 0.15 | 0.28 | 0.29 | 59 | S&P 500 | KNSA vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from KNSA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to KNSA and solid risk/return profiles. The least correlated is Warrior Met Coal, Inc. (HCC) (Basic Materials) with a 1Y correlation of -0.10, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Warrior Met Coal, Inc. | -0.10 | 0.05 | 0.12 | 85 | Basic Materials | |
| Vista Oil & Gas, S.A.B. de C.V. | -0.01 | 0.11 | 0.10 | 63 | Energy | |
| Energy Transfer LP | 0.00 | 0.09 | 0.12 | 72 | Energy | |
| Credo Technology Group Holding Ltd | 0.00 | 0.14 | — | 88 | Technology | |
| Arista Networks, Inc. | 0.01 | 0.11 | 0.18 | 79 | Technology |
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