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
2 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 0.26, down from 0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.26 | 0.32 | 0.40 | 53 | Nasdaq-100 | KYMR vs QQQ | |
| Invesco S&P 500 Momentum ETF | 0.27 | 0.31 | 0.34 | 51 | Momentum, S&P 500 | KYMR vs SPMO | |
| SPDR S&P Biotech ETF | 0.64 | 0.66 | 0.68 | 93 | Health & Biotech Equities | KYMR vs XBI |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from KYMR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to KYMR and solid risk/return profiles. The least correlated is Valero Energy Corporation (VLO) (Energy) with a 1Y correlation of -0.09, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Valero Energy Corporation | -0.09 | 0.03 | 0.06 | 97 | Energy | |
| NVIDIA Corporation | 0.15 | 0.20 | 0.30 | 63 | Technology | |
| Corvus Pharmaceuticals, Inc. | 0.39 | 0.35 | 0.32 | 91 | Healthcare |
Build a portfolio that complements KYMR
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