Looking to balance out your exposure to KNTK? The ETFs below have the lowest correlation with KNTK — they tend to move on their own, which can help reduce risk when KNTK drops. The stock ideas table highlights individual companies that behave independently from KNTK.
Best Diversifiers for KNTK
0 ETFs have low correlation with KNTK (below 0.3), 0 of which are negatively correlated. The least correlated is State Street Energy Select Sector SPDR ETF (XLE) (Energy Equities) with a 1Y correlation of 0.57, roughly unchanged from 0.58 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Energy Select Sector SPDR ETF | 0.57 | 0.53 | 0.58 | 63 | Energy Equities | KNTK vs XLE |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from KNTK, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to KNTK and solid risk/return profiles. The least correlated is Verizon Communications Inc. (VZ) (Communication Services) with a 1Y correlation of 0.03, roughly unchanged from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Verizon Communications Inc. | 0.03 | 0.04 | 0.11 | 59 | Communication Services | |
| DT Midstream, Inc. | 0.34 | 0.52 | — | 83 | Energy | |
| Kinder Morgan, Inc. | 0.43 | 0.53 | 0.56 | 60 | Energy |
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