Looking to balance out your exposure to KOF? The ETFs below have historically moved differently from KOF, 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 KOF
6 ETFs have low correlation with KOF (below 0.3), 0 of which are negatively correlated. The least correlated is Direxion Daily MSCI South Korea Bull 3X Shares (KORU) (South Korea Equities) with a 1Y correlation of 0.19, roughly unchanged from 0.27 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily MSCI South Korea Bull 3X Shares | 0.19 | 0.23 | 0.27 | 78 | South Korea Equities, Leveraged Equities, Asia Pacific Equities | KOF vs KORU | |
| Direxion Daily Semiconductor Bull 3X ETF | 0.20 | 0.18 | 0.23 | 90 | Leveraged Equities, Semiconductors | KOF vs SOXL | |
| STMicroelectronics NV ADRhedged | 0.20 | — | — | 80 | Technology Equities | KOF vs STHH | |
| Schwab U.S. Dividend Equity ETF | 0.24 | 0.24 | 0.32 | 95 | Dividend | KOF vs SCHD | |
| State Street SPDR S&P 500 ETF | 0.26 | 0.24 | 0.30 | 67 | S&P 500 | KOF vs SPY |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for KOF, 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 ConocoPhillips Company (COP) (Energy) with a 1Y correlation of -0.15, down from 0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.15 | -0.03 | 0.10 | 72 | Energy | |
| Occidental Petroleum Corporation | -0.12 | -0.01 | 0.11 | 70 | Energy | |
| Chevron Corporation | -0.09 | 0.01 | 0.12 | 80 | Energy | |
| Exxon Mobil Corporation | -0.08 | 0.03 | 0.13 | 84 | Energy | |
| Everest Group Ltd | 0.02 | 0.11 | 0.19 | 62 | Financial Services |
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