Looking to balance out your exposure to KBR? The ETFs below have historically moved differently from KBR, 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 KBR
4 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) (Lithium & Battery Metals) with a 1Y correlation of 0.10, down from 0.24 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X Lithium & Battery Tech ETF | 0.10 | 0.19 | 0.24 | 72 | Lithium & Battery Metals | KBR vs LIT | |
| Invesco QQQ ETF | 0.13 | 0.26 | 0.33 | 54 | Nasdaq-100 | KBR vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.25 | 0.37 | 0.44 | 71 | S&P 500 | KBR vs SPY | |
| Vanguard S&P 500 ETF | 0.25 | 0.37 | 0.44 | 72 | S&P 500 | KBR vs VOO |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for KBR, 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 Comfort Systems USA, Inc. (FIX) (Industrials) with a 1Y correlation of 0.03, down from 0.34 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Comfort Systems USA, Inc. | 0.03 | 0.25 | 0.34 | 95 | Industrials | |
| First Solar, Inc. | 0.04 | 0.16 | 0.21 | 59 | Technology | |
| EMCOR Group, Inc. | 0.08 | 0.29 | 0.37 | 66 | Industrials | |
| MasTec, Inc. | 0.09 | 0.28 | 0.35 | 72 | Industrials | |
| Dycom Industries, Inc. | 0.10 | 0.25 | 0.34 | 75 | Industrials |
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