Looking to balance out your exposure to KYMR? The ETFs below have the lowest correlation with KYMR — they tend to move on their own, which can help reduce risk when KYMR drops. The stock ideas table highlights individual companies that behave independently from KYMR.
Best Diversifiers for KYMR
1 ETFs have low correlation with KYMR (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.27, down from 0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.27 | 0.33 | 0.40 | 73 | Nasdaq-100 | KYMR vs QQQ | |
| SPDR S&P Biotech ETF | 0.66 | 0.66 | 0.68 | 74 | Health & Biotech Equities | KYMR vs XBI |
Diversification Analysis
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