Looking to balance out your exposure to KALA? The ETFs below have the lowest correlation with KALA — they tend to move on their own, which can help reduce risk when KALA drops. The stock ideas table highlights individual companies that behave independently from KALA.
Best Diversifiers for KALA
1 ETFs have low correlation with KALA (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.24, roughly unchanged from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.24 | 0.19 | 0.23 | 70 | S&P 500 | KALA vs SPY |
Diversification Analysis
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