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 | |
| Tradr 2X Long Triple Q Monthly ETF | 0.68 | — | — | 52 | Leveraged Equities | KLAG vs MQQQ | |
| ProShares Ultra Semiconductors | 0.77 | 0.77 | 0.77 | 78 | Leveraged Equities, Semiconductors | KLAG vs USD |
Diversification Analysis
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