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
48 ETFs have low correlation with KLAC (below 0.3), 7 of which are negatively correlated. The least correlated is WisdomTree Floating Rate Treasury Fund (USFR) (Government Bonds) with a 1Y correlation of -0.18, down from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| WisdomTree Floating Rate Treasury Fund | -0.18 | -0.10 | -0.04 | 100 | Government Bonds, Ultrashort Bond | KLAC vs USFR | |
| iShares 0-3 Month Treasury Bond ETF | -0.13 | -0.06 | -0.01 | 100 | Ultrashort Bond | KLAC vs SGOV | |
| Global X MLP & Energy Infrastructure ETF | -0.05 | 0.15 | 0.25 | 63 | MLPs | KLAC vs MLPX | |
| Vanguard Short-Term Inflation-Protected Securities... | -0.03 | 0.01 | 0.07 | 89 | Inflation-Protected Bonds | KLAC vs VTIP | |
| First Trust Morningstar Dividend Leaders Index Fun... | -0.02 | 0.13 | 0.27 | 79 | Large Cap Value Equities, Dividend | KLAC vs FDL |
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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 Arch Capital Group Ltd. (ACGL) (Financial Services) with a 1Y correlation of -0.23, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Arch Capital Group Ltd. | -0.23 | -0.07 | 0.07 | 50 | Financial Services | |
| Chubb Limited | -0.22 | -0.07 | 0.10 | 73 | Financial Services | |
| Altria Group, Inc. | -0.21 | -0.11 | -0.02 | 78 | Consumer Defensive | |
| Verizon Communications Inc. | -0.16 | -0.09 | -0.04 | 66 | Communication Services | |
| EOG Resources, Inc. | -0.15 | 0.03 | 0.14 | 59 | Energy |
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