Looking to balance out your exposure to KLAC? The ETFs below have the lowest correlation with KLAC — they tend to move on their own, which can help reduce risk when KLAC drops. The stock ideas table highlights individual companies that behave independently from KLAC.
Best Diversifiers for KLAC
52 ETFs have low correlation with KLAC (below 0.3), 12 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.18, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.18 | -0.03 | 0.05 | 66 | Oil & Gas | KLAC vs USO | |
| ProShares Ultra Bloomberg Crude Oil | -0.15 | -0.01 | 0.07 | 54 | Leveraged Commodities | KLAC vs UCO | |
| iShares 0-3 Month Treasury Bond ETF | -0.14 | -0.05 | -0.01 | 100 | Ultrashort Bond | KLAC vs SGOV | |
| Vanguard Short-Term Inflation-Protected Securities... | -0.08 | -0.00 | 0.07 | 93 | Inflation-Protected Bonds | KLAC vs VTIP | |
| State Street Energy Select Sector SPDR ETF | -0.08 | 0.08 | 0.19 | 63 | Energy Equities | KLAC vs XLE |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from KLAC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to KLAC and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.22, down from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.22 | -0.10 | -0.01 | 69 | Consumer Defensive | |
| Chubb Limited | -0.20 | -0.06 | 0.10 | 51 | Financial Services | |
| Cboe Global Markets, Inc. | -0.20 | -0.17 | 0.03 | 68 | Financial Services | |
| Verizon Communications Inc. | -0.16 | -0.09 | -0.04 | 59 | Communication Services | |
| Duke Energy Corporation | -0.16 | -0.15 | -0.07 | 53 | Utilities |
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