Looking to balance out your exposure to KRMN? The ETFs below have the lowest correlation with KRMN — they tend to move on their own, which can help reduce risk when KRMN drops. The stock ideas table highlights individual companies that behave independently from KRMN.
Best Diversifiers for KRMN
1 ETFs have low correlation with KRMN (below 0.3), 0 of which are negatively correlated. The least correlated is Schwab U.S. Dividend Equity ETF (SCHD) (Dividend) with a 1Y correlation of 0.12, roughly unchanged from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.12 | 0.16 | 0.16 | 77 | Dividend | KRMN vs SCHD | |
| Invesco QQQ ETF | 0.36 | — | — | 59 | Nasdaq-100 | KRMN vs QQQ | |
| Vanguard Total World Stock ETF | 0.39 | — | — | 60 | Global Equities | KRMN vs VT |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from KRMN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to KRMN and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.15, roughly unchanged from -0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.15 | -0.09 | -0.09 | 74 | Consumer Defensive | |
| Smithfield Foods, Inc | -0.05 | 0.03 | 0.03 | 53 | Consumer Defensive | |
| SwissCom AG | -0.00 | — | — | 67 | Communication Services | |
| Gaztransport & Technigaz SA | 0.02 | 0.03 | 0.03 | 77 | Energy | |
| Fortress Transportation and Preferred Series C | 0.06 | 0.12 | 0.12 | 90 | Industrials |
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