Looking to balance out your exposure to KLIC? The ETFs below have the lowest correlation with KLIC — they tend to move on their own, which can help reduce risk when KLIC drops. The stock ideas table highlights individual companies that behave independently from KLIC.
Best Diversifiers for KLIC
0 ETFs have low correlation with KLIC (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.59, roughly unchanged from 0.62 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.59 | 0.61 | 0.62 | 66 | S&P 500 | KLIC vs VOO | |
| State Street SPDR S&P 500 ETF | 0.59 | 0.61 | 0.62 | 65 | S&P 500 | KLIC vs SPY | |
| Fidelity MSCI Information Technology Index ETF | 0.60 | 0.62 | 0.64 | 51 | Technology Equities | KLIC vs FTEC | |
| Invesco QQQ ETF | 0.63 | 0.62 | 0.63 | 53 | Nasdaq-100 | KLIC vs QQQ | |
| iShares Semiconductor ETF | 0.71 | 0.73 | 0.75 | 91 | Semiconductors, Technology Equities | KLIC vs SOXX |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from KLIC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to KLIC and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CBL & Associates Properties, Inc. | 0.18 | 0.28 | 0.30 | 98 | ||
| Rocket Lab USA, Inc. | 0.23 | 0.36 | 0.38 | 62 | Industrials | |
| Apple Inc | 0.23 | 0.31 | 0.41 | 93 | Technology | |
| IDEXX Laboratories, Inc. | 0.24 | 0.34 | 0.39 | 54 | Healthcare | |
| Amazon.com, Inc | 0.30 | 0.31 | 0.38 | 56 | Consumer Cyclical |
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