Looking to diversify beyond KXI? The ETFs below have the lowest correlation with KXI — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from KXI.
Best Diversifiers for KXI
1734 ETFs have low correlation with KXI (below 0.3), 238 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.28, roughly unchanged from -0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.28 | -0.24 | -0.19 | 63 | Leveraged Currency | KXI vs YCS | |
| ProShares Ultra Semiconductors | -0.26 | -0.06 | 0.14 | 82 | Leveraged Equities, Semiconductors | KXI vs USD | |
| First Trust Bloomberg Artificial Intelligence ETF | -0.23 | — | — | 64 | Technology Equities | KXI vs FAI | |
| Pacer Data and Digital Revolution ETF | -0.22 | 0.01 | 0.16 | 76 | Technology Equities | KXI vs TRFK | |
| Alger AI Enablers & Adopters ETF | -0.22 | — | — | 62 | Technology Equities | KXI vs ALAI |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from KXI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to KXI and solid risk/return profiles. The least correlated is JPMorgan Chase & Co. (JPM) (Financial Services) with a 1Y correlation of 0.06, down from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| JPMorgan Chase & Co. | 0.06 | 0.20 | 0.33 | 68 | Financial Services | |
| The Toronto-Dominion Bank | 0.12 | 0.28 | 0.39 | 98 | Financial Services | |
| Royal Bank of Canada | 0.17 | 0.39 | 0.47 | 97 | Financial Services | |
| Apple Inc | 0.17 | 0.19 | 0.34 | 87 | Technology | |
| Archer-Daniels-Midland Company | 0.23 | 0.33 | 0.36 | 85 | Consumer Defensive |
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