Looking to balance out your exposure to KALU? The ETFs below have the lowest correlation with KALU — they tend to move on their own, which can help reduce risk when KALU drops. The stock ideas table highlights individual companies that behave independently from KALU.
Best Diversifiers for KALU
0 ETFs have low correlation with KALU (below 0.3), 0 of which are negatively correlated. The least correlated is iMGP DBi Managed Futures Strategy ETF (DBMF) (Systematic Trend) with a 1Y correlation of 0.36, up from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iMGP DBi Managed Futures Strategy ETF | 0.36 | 0.24 | 0.12 | 88 | Systematic Trend | KALU vs DBMF |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from KALU, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to KALU and solid risk/return profiles. The least correlated is The Hanover Insurance Group, Inc. (THG) (Financial Services) with a 1Y correlation of -0.02, down from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Hanover Insurance Group, Inc. | -0.02 | 0.14 | 0.29 | 83 | Financial Services | |
| Kiniksa Pharmaceuticals, Ltd. | 0.00 | 0.18 | 0.17 | 96 | Healthcare | |
| Horace Mann Educators Corporation | 0.06 | 0.21 | 0.29 | 83 | Financial Services | |
| Gilead Sciences, Inc. | 0.08 | 0.12 | 0.13 | 70 | Healthcare | |
| Central Puerto S.A. | 0.18 | 0.15 | 0.22 | 64 | Utilities |
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