Looking to balance out your exposure to KRG? The ETFs below have historically moved differently from KRG, 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 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 0.03, down from 0.41 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Mega Cap ETF | 0.03 | 0.27 | 0.41 | 68 | Large Cap Blend Equities | KRG vs MGC | |
| State Street SPDR S&P 500 ETF | 0.10 | 0.33 | 0.46 | 72 | S&P 500 | KRG vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for KRG, 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 NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.15, down from 0.17 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.15 | -0.01 | 0.17 | 59 | Technology | |
| Amazon.com, Inc | 0.06 | 0.12 | 0.23 | 70 | Consumer Cyclical | |
| HF Sinclair Corp | 0.09 | 0.19 | 0.24 | 95 | Energy | |
| British American Tobacco p.l.c. | 0.09 | 0.24 | 0.29 | 59 | Consumer Defensive | |
| Kinder Morgan, Inc. | 0.14 | 0.31 | 0.40 | 67 | Energy |
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