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
16 ETFs have low correlation with KR (below 0.3), 14 of which are negatively correlated. The least correlated is Invesco NASDAQ 100 ETF (QQQM) (Nasdaq-100) with a 1Y correlation of -0.38, down from -0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco NASDAQ 100 ETF | -0.38 | -0.18 | -0.05 | 64 | Nasdaq-100 | KR vs QQQM | |
| Invesco QQQ ETF | -0.38 | -0.18 | -0.05 | 64 | Nasdaq-100 | KR vs QQQ | |
| Invesco S&P 500 Momentum ETF | -0.36 | -0.14 | 0.00 | 80 | Momentum, S&P 500 | KR vs SPMO | |
| Vanguard S&P 500 ETF | -0.33 | -0.09 | 0.04 | 63 | S&P 500 | KR vs VOO | |
| State Street SPDR S&P 500 ETF | -0.32 | -0.09 | 0.04 | 63 | S&P 500 | KR vs SPY |
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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 -0.38, down from -0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Applied Materials, Inc. | -0.38 | -0.21 | -0.10 | 98 | Technology | |
| Micron Technology, Inc. | -0.35 | -0.22 | -0.11 | 99 | Technology | |
| Marvell Technology, Inc. | -0.34 | -0.18 | -0.10 | 96 | Technology | |
| QUALCOMM Incorporated | -0.32 | -0.14 | -0.06 | 65 | Technology | |
| Taiwan Semiconductor Manufacturing Company Limited | -0.31 | -0.20 | -0.11 | 93 | Technology |
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