Looking to diversify beyond KYN? The mutual funds below have the lowest correlation with KYN — 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 KYN.
Best Diversifiers for KYN
9 mutual funds have low correlation with KYN (below 0.3), 0 of which are negatively correlated. The least correlated is Delaware Ivy Energy Fund (IEYYX) (Energy Equities) with a 1Y correlation of 0.14, down from 0.61 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Delaware Ivy Energy Fund | 0.14 | 0.39 | 0.61 | 89 | Energy Equities | KYN vs IEYYX | |
| NXG NextGen Infrastructure Income Fund | 0.20 | 0.36 | — | 78 | Global Equity Income | KYN vs NXG | |
| Duff & Phelps Utility and Infrastructure Fund Inc | 0.24 | 0.40 | 0.48 | 82 | Utilities Equities | KYN vs DPG | |
| abrdn Global Infrastructure Fund | 0.25 | 0.40 | 0.51 | 77 | Energy Equities | KYN vs AIFRX | |
| Delaware Ivy Natural Resources Fund | 0.27 | 0.46 | 0.63 | 70 | Energy Equities | KYN vs IGNAX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from KYN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to KYN and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.07, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.07 | 0.14 | 0.24 | 70 | Technology | |
| Johnson & Johnson | 0.16 | 0.12 | 0.12 | 97 | Healthcare | |
| The Southern Company | 0.19 | 0.22 | 0.22 | 58 | Utilities | |
| Cohen & Steers Infrastructure Fund, Inc | 0.27 | 0.40 | 0.45 | 73 | Financial Services | |
| Kimbell Royalty Partners, LP | 0.37 | 0.45 | 0.51 | 61 | Energy |
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