Looking to balance out your exposure to KALV? The ETFs below have historically moved differently from KALV, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
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 0.20, roughly unchanged from 0.26 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | 0.20 | 0.19 | 0.26 | 87 | Semiconductors, Technology Equities | KALV vs SMH | |
| Vanguard S&P 500 ETF | 0.22 | 0.23 | 0.30 | 68 | S&P 500 | KALV vs VOO |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for KALV, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is nLIGHT, Inc. (LASR) (Technology) with a 1Y correlation of 0.12, down from 0.28 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| nLIGHT, Inc. | 0.12 | 0.23 | 0.28 | 95 | Technology | |
| Applied Optoelectronics, Inc. | 0.20 | 0.19 | 0.21 | 93 | Technology |
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