Looking to balance out your exposure to KLAC? The ETFs below have historically moved differently from KLAC, 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 KLAC
64 ETFs have low correlation with KLAC (below 0.3), 17 of which are negatively correlated. The least correlated is WisdomTree Floating Rate Treasury Fund (USFR) (Government Bonds) with a 1Y correlation of -0.19, down from -0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| WisdomTree Floating Rate Treasury Fund | -0.19 | -0.12 | -0.05 | 100 | Government Bonds, Ultrashort Bond | KLAC vs USFR | |
| iShares 0-3 Month Treasury Bond ETF | -0.16 | -0.07 | -0.02 | 100 | Ultrashort Bond | KLAC vs SGOV | |
| First Trust Morningstar Dividend Leaders Index Fun... | -0.15 | 0.09 | 0.23 | 89 | Large Cap Value Equities, Dividend | KLAC vs FDL | |
| iShares Core High Dividend ETF | -0.11 | 0.06 | 0.23 | 87 | Dividend, Large Cap Value Equities | KLAC vs HDV | |
| State Street Energy Select Sector SPDR ETF | -0.09 | 0.07 | 0.17 | 61 | Energy Equities | KLAC vs XLE |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for KLAC, 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 Arch Capital Group Ltd. (ACGL) (Financial Services) with a 1Y correlation of -0.31, down from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Arch Capital Group Ltd. | -0.31 | -0.10 | 0.06 | 59 | Financial Services | |
| Altria Group, Inc. | -0.31 | -0.18 | -0.07 | 63 | Consumer Defensive | |
| Colgate-Palmolive Company | -0.31 | -0.17 | -0.05 | 61 | Consumer Defensive | |
| The Allstate Corporation | -0.30 | -0.12 | 0.03 | 80 | Financial Services | |
| Chubb Limited | -0.27 | -0.09 | 0.07 | 87 | Financial Services |
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