Looking to balance out your exposure to KOD? The ETFs below have the lowest correlation with KOD — they tend to move on their own, which can help reduce risk when KOD drops. The stock ideas table highlights individual companies that behave independently from KOD.
Best Diversifiers for KOD
1 ETFs have low correlation with KOD (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.28, down from 0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.28 | 0.32 | 0.38 | 70 | S&P 500 | KOD vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from KOD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to KOD and solid risk/return profiles. The least correlated is Lumentum Holdings Inc. (LITE) (Technology) with a 1Y correlation of 0.03, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Lumentum Holdings Inc. | 0.03 | 0.14 | 0.21 | 99 | Technology | |
| Camtek Ltd | 0.07 | 0.14 | 0.23 | 90 | Technology | |
| EchoStar Corporation | 0.10 | 0.18 | 0.22 | 99 | Technology | |
| Planet Labs PBC | 0.10 | 0.28 | 0.31 | 99 | Industrials | |
| Sandisk Corp | 0.11 | 0.14 | 0.14 | 100 | Technology |
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