Looking to balance out your exposure to KNSL? The ETFs below have the lowest correlation with KNSL — they tend to move on their own, which can help reduce risk when KNSL drops. The stock ideas table highlights individual companies that behave independently from KNSL.
Best Diversifiers for KNSL
15 ETFs have low correlation with KNSL (below 0.3), 6 of which are negatively correlated. The least correlated is ProShares Ultra Technology (ROM) (Leveraged Equities) with a 1Y correlation of -0.15, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Technology | -0.15 | 0.07 | 0.21 | 64 | Leveraged Equities | KNSL vs ROM | |
| iShares MSCI South Korea ETF | -0.14 | 0.02 | 0.14 | 92 | Asia Pacific Equities | KNSL vs EWY | |
| Vanguard Information Technology ETF | -0.13 | 0.08 | 0.23 | 58 | Technology Equities | KNSL vs VGT | |
| Fidelity Momentum Factor ETF | -0.09 | 0.16 | 0.31 | 53 | Momentum, Large Cap Growth Equities | KNSL vs FDMO | |
| Invesco NASDAQ 100 ETF | -0.07 | 0.11 | 0.24 | 60 | Nasdaq-100 | KNSL vs QQQM |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from KNSL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to KNSL and solid risk/return profiles. The least correlated is Fabrinet (FN) (Technology) with a 1Y correlation of -0.23, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Fabrinet | -0.23 | 0.04 | 0.18 | 85 | Technology | |
| NVIDIA Corporation | -0.22 | 0.00 | 0.13 | 72 | Technology | |
| Vertiv Holdings Co. | -0.20 | 0.02 | 0.17 | 93 | Industrials | |
| Taiwan Semiconductor Manufacturing Company Limited | -0.18 | -0.04 | 0.07 | 93 | Technology | |
| Comfort Systems USA, Inc. | -0.17 | 0.09 | 0.25 | 98 | Industrials |
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