Looking to balance out your exposure to KOP? The ETFs below have the lowest correlation with KOP — they tend to move on their own, which can help reduce risk when KOP drops. The stock ideas table highlights individual companies that behave independently from KOP.
Best Diversifiers for KOP
1 ETFs have low correlation with KOP (below 0.3), 0 of which are negatively correlated. The least correlated is SPDR S&P Oil & Gas Equipment & Services ETF (XES) (Energy Equities) with a 1Y correlation of 0.24, down from 0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR S&P Oil & Gas Equipment & Services ETF | 0.24 | 0.38 | 0.46 | 89 | Energy Equities | KOP vs XES | |
| State Street SPDR S&P 500 ETF | 0.33 | 0.36 | 0.46 | 70 | S&P 500 | KOP vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from KOP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to KOP and solid risk/return profiles. The least correlated is Nucor Corporation (NUE) (Basic Materials) with a 1Y correlation of 0.38, roughly unchanged from 0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Nucor Corporation | 0.38 | 0.43 | 0.45 | 95 | Basic Materials |
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