Looking to balance out your exposure to KBR? The ETFs below have the lowest correlation with KBR — they tend to move on their own, which can help reduce risk when KBR drops. The stock ideas table highlights individual companies that behave independently from KBR.
Best Diversifiers for KBR
3 ETFs have low correlation with KBR (below 0.3), 0 of which are negatively correlated. The least correlated is Global X Lithium & Battery Tech ETF (LIT) (Commodity Producers Equities) with a 1Y correlation of 0.14, down from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X Lithium & Battery Tech ETF | 0.14 | 0.22 | 0.26 | 94 | Commodity Producers Equities | KBR vs LIT | |
| Vanguard S&P 500 ETF | 0.26 | 0.39 | 0.45 | 70 | S&P 500 | KBR vs VOO | |
| State Street SPDR S&P 500 ETF | 0.26 | 0.39 | 0.45 | 70 | S&P 500 | KBR vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from KBR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to KBR and solid risk/return profiles. The least correlated is First Solar, Inc. (FSLR) (Technology) with a 1Y correlation of 0.08, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| First Solar, Inc. | 0.08 | 0.17 | 0.22 | 81 | Technology | |
| Comfort Systems USA, Inc. | 0.09 | 0.29 | 0.37 | 98 | Industrials | |
| EMCOR Group, Inc. | 0.13 | 0.31 | 0.40 | 83 | Industrials | |
| Dycom Industries, Inc. | 0.14 | 0.26 | 0.37 | 90 | Industrials | |
| Quanta Services, Inc. | 0.16 | 0.34 | 0.43 | 93 | Industrials |
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