Looking to balance out your exposure to KLBAY? The ETFs below have the lowest correlation with KLBAY — they tend to move on their own, which can help reduce risk when KLBAY drops. The stock ideas table highlights individual companies that behave independently from KLBAY.
No Diversifiers Found for KLBAY
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from KLBAY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to KLBAY and solid risk/return profiles. The least correlated is AppLovin Corporation (APP) (Technology) with a 1Y correlation of -0.07, roughly unchanged from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AppLovin Corporation | -0.07 | 0.02 | 0.02 | 57 | Technology | |
| Prologis, Inc. | 0.03 | 0.04 | 0.05 | 86 | Real Estate | |
| Vale S.A. | 0.04 | 0.08 | 0.16 | 89 | Basic Materials | |
| Banco Bradesco S.A. | 0.12 | 0.14 | 0.19 | 64 | Financial Services | |
| Itaú Unibanco Holding S.A. | 0.18 | 0.15 | 0.21 | 69 | Financial Services |
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