Looking to balance out your exposure to KR? The ETFs below have the lowest correlation with KR — they tend to move on their own, which can help reduce risk when KR drops. The stock ideas table highlights individual companies that behave independently from KR.
Best Diversifiers for KR
17 ETFs have low correlation with KR (below 0.3), 13 of which are negatively correlated. The least correlated is Invesco NASDAQ 100 ETF (QQQM) (Nasdaq-100) with a 1Y correlation of -0.35, down from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco NASDAQ 100 ETF | -0.35 | -0.16 | -0.03 | 74 | Nasdaq-100 | KR vs QQQM | |
| Invesco QQQ ETF | -0.34 | -0.16 | -0.03 | 73 | Nasdaq-100 | KR vs QQQ | |
| iShares S&P 100 ETF | -0.34 | -0.13 | 0.01 | 64 | Large Cap Blend Equities | KR vs OEF | |
| Vanguard S&P 500 ETF | -0.30 | -0.08 | 0.05 | 70 | S&P 500 | KR vs VOO | |
| Vanguard Total Stock Market ETF | -0.30 | -0.07 | 0.05 | 68 | Large Cap Blend Equities | KR vs VTI |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from KR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to KR and solid risk/return profiles. The least correlated is Applied Materials, Inc. (AMAT) (Technology) with a 1Y correlation of -0.36, down from -0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Applied Materials, Inc. | -0.36 | -0.19 | -0.09 | 96 | Technology | |
| Amazon.com, Inc | -0.32 | -0.17 | -0.07 | 60 | Consumer Cyclical | |
| Alphabet Inc. Class A | -0.32 | -0.18 | -0.06 | 96 | Communication Services | |
| Marvell Technology Group Ltd. | -0.32 | -0.16 | -0.08 | 98 | Technology | |
| NVIDIA Corporation | -0.31 | -0.20 | -0.09 | 78 | Technology |
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Build a portfolio that complements KR
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