Looking to diversify beyond KLAG? The ETFs below have historically moved differently from KLAG, 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 KLAG
0 ETFs have low correlation with KLAG (below 0.3), 0 of which are negatively correlated. The least correlated is Direxion Daily Small Cap Bull 3X Shares (TNA) (Leveraged Equities) with a 1Y correlation of 0.61, roughly unchanged from 0.61 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily Small Cap Bull 3X Shares | 0.61 | 0.61 | 0.61 | 72 | Leveraged Equities, Small Cap Blend Equities | KLAG vs TNA |
Diversification Analysis
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