Looking to diversify beyond KXI? The ETFs below have historically moved differently from KXI, 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 KXI
1942 ETFs have low correlation with KXI (below 0.3), 590 of which are negatively correlated. The least correlated is ProShares Ultra Semiconductors (USD) (Leveraged Equities) with a 1Y correlation of -0.33, down from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Semiconductors | -0.33 | -0.11 | 0.11 | 52 | Leveraged Equities, Semiconductors | KXI vs USD | |
| WisdomTree Artificial Intelligence and Innovation ... | -0.31 | -0.02 | — | 59 | Artificial Intelligence, Technology Equities | KXI vs WTAI | |
| Amplify Bloomberg AI Value Chain ETF | -0.30 | -0.03 | 0.15 | 88 | Technology Equities | KXI vs AIVC | |
| TCW Artificial Intelligence ETF | -0.30 | — | — | 73 | Artificial Intelligence, Technology Equities | KXI vs AIFD | |
| ROBO Global Artificial Intelligence ETF | -0.29 | 0.01 | 0.19 | 71 | Artificial Intelligence, Technology Equities | KXI vs THNQ |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for KXI, 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 JPMorgan Chase & Co. (JPM) (Financial Services) with a 1Y correlation of 0.01, down from 0.32 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| JPMorgan Chase & Co. | 0.01 | 0.18 | 0.32 | 71 | Financial Services | |
| The Toronto-Dominion Bank | 0.04 | 0.25 | 0.37 | 99 | Financial Services | |
| Royal Bank of Canada | 0.10 | 0.36 | 0.45 | 98 | Financial Services | |
| Apple Inc | 0.17 | 0.19 | 0.34 | 89 | Technology | |
| Archer-Daniels-Midland Company | 0.19 | 0.32 | 0.35 | 90 | Consumer Defensive |
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