Looking to balance out your exposure to KALV? The ETFs below have the lowest correlation with KALV — they tend to move on their own, which can help reduce risk when KALV drops. The stock ideas table highlights individual companies that behave independently from KALV.
Best Diversifiers for KALV
2 ETFs have low correlation with KALV (below 0.3), 0 of which are negatively correlated. The least correlated is VanEck Semiconductor ETF (SMH) (Semiconductors) with a 1Y correlation of 0.19, roughly unchanged from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | 0.19 | 0.19 | 0.26 | 96 | Semiconductors, Technology Equities | KALV vs SMH | |
| Vanguard S&P 500 ETF | 0.23 | 0.23 | 0.30 | 70 | S&P 500 | KALV vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from KALV, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to KALV and solid risk/return profiles. The least correlated is nLIGHT, Inc. (LASR) (Technology) with a 1Y correlation of 0.12, down from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| nLIGHT, Inc. | 0.12 | 0.23 | 0.28 | 97 | Technology | |
| Applied Optoelectronics, Inc. | 0.20 | 0.19 | 0.22 | 98 | Technology |
Build a portfolio that complements KALV
Add KALV to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with KALV