Looking to diversify beyond KLAG? The ETFs below have the lowest correlation with KLAG — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from KLAG.
Best Diversifiers for KLAG
2 ETFs have low correlation with KLAG (below 0.3), 0 of which are negatively correlated. The least correlated is ProShares Ultra Nasdaq Biotechnology (BIB) (Leveraged Equities) with a 1Y correlation of 0.22, roughly unchanged from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Nasdaq Biotechnology | 0.22 | 0.22 | 0.22 | 88 | Leveraged Equities | KLAG vs BIB | |
| MicroSectors U.S. Big Banks Index 3X Leveraged ETN... | 0.30 | 0.30 | 0.30 | 53 | Leveraged Equities | KLAG vs BNKU | |
| Innovator U.S. Equity Accelerated Plus ETF - July | 0.50 | 0.50 | 0.50 | 81 | Leveraged Equities | KLAG vs XTJL | |
| GraniteShares 2x Long INTC Daily ETF | 0.52 | 0.52 | 0.52 | 97 | Leveraged Equities | KLAG vs INTW | |
| Leverage Shares 2X Long AMD Daily ETF | 0.60 | 0.60 | 0.60 | 96 | Leveraged Equities | KLAG vs AMDG |
See all 7 diversifiers for KLAG
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