Looking to balance out your exposure to KRYS? The ETFs below have the lowest correlation with KRYS — they tend to move on their own, which can help reduce risk when KRYS drops. The stock ideas table highlights individual companies that behave independently from KRYS.
Best Diversifiers for KRYS
2 ETFs have low correlation with KRYS (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco Variable Rate Investment Grade ETF (VRIG) (Ultrashort Bond) with a 1Y correlation of 0.08, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Variable Rate Investment Grade ETF | 0.08 | 0.08 | 0.09 | 99 | Ultrashort Bond | KRYS vs VRIG | |
| Invesco S&P 500 Momentum ETF | 0.28 | 0.31 | 0.35 | 70 | Momentum, S&P 500 | KRYS vs SPMO | |
| Vanguard S&P 500 ETF | 0.37 | 0.39 | 0.40 | 60 | S&P 500 | KRYS vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from KRYS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to KRYS and solid risk/return profiles. The least correlated is Cboe Global Markets, Inc. (CBOE) (Financial Services) with a 1Y correlation of -0.01, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cboe Global Markets, Inc. | -0.01 | -0.03 | 0.09 | 52 | Financial Services | |
| Lumentum Holdings Inc. | 0.03 | 0.19 | 0.23 | 99 | Technology | |
| Centene Corporation | 0.04 | 0.05 | 0.14 | 52 | Healthcare | |
| Applied Optoelectronics, Inc. | 0.10 | 0.23 | 0.24 | 96 | Technology | |
| Datadog, Inc. | 0.12 | 0.23 | 0.29 | 74 | Technology |
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