Looking to balance out your exposure to KRG? The ETFs below have the lowest correlation with KRG — they tend to move on their own, which can help reduce risk when KRG drops. The stock ideas table highlights individual companies that behave independently from KRG.
Best Diversifiers for KRG
2 ETFs have low correlation with KRG (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Mega Cap ETF (MGC) (Large Cap Blend Equities) with a 1Y correlation of 0.18, down from 0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Mega Cap ETF | 0.18 | 0.31 | 0.44 | 69 | Large Cap Blend Equities | KRG vs MGC | |
| State Street SPDR S&P 500 ETF | 0.23 | 0.36 | 0.48 | 70 | S&P 500 | KRG vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from KRG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to KRG and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.10, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.10 | -0.01 | 0.17 | 78 | Technology | |
| British American Tobacco p.l.c. | 0.03 | 0.22 | 0.29 | 77 | Consumer Defensive | |
| Amazon.com, Inc | 0.07 | 0.12 | 0.23 | 60 | Consumer Cyclical | |
| Kinder Morgan, Inc. | 0.07 | 0.31 | 0.40 | 60 | Energy | |
| HF Sinclair Corp | 0.09 | 0.21 | 0.26 | 92 | Energy |
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