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 State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.57, roughly unchanged from 0.62 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.57 | 0.61 | 0.62 | 60 | S&P 500 | KLIC vs SPY | |
| Fidelity MSCI Information Technology Index ETF | 0.58 | 0.62 | 0.63 | 59 | Technology Equities | KLIC vs FTEC | |
| Vanguard S&P 500 ETF | 0.59 | 0.61 | 0.62 | 60 | S&P 500 | KLIC vs VOO | |
| Invesco QQQ ETF | 0.60 | 0.61 | 0.62 | 59 | Nasdaq-100 | KLIC vs QQQ | |
| iShares Semiconductor ETF | 0.70 | 0.73 | 0.74 | 95 | 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. The least correlated is Applied Optoelectronics, Inc. (AAOI) (Technology) with a 1Y correlation of 0.37, roughly unchanged from 0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Applied Optoelectronics, Inc. | 0.37 | 0.38 | 0.38 | 96 | Technology | |
| BrightSpring Health Services, Inc | 0.38 | 0.31 | 0.31 | 98 | Healthcare | |
| Micron Technology, Inc. | 0.47 | 0.53 | 0.56 | 99 | Technology | |
| Camtek Ltd | 0.54 | 0.51 | 0.57 | 84 | Technology | |
| Alpha and Omega Semiconductor Limited | 0.60 | 0.58 | 0.62 | 69 | Technology |
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