Looking to balance out your exposure to KLR.L? The ETFs below have the lowest correlation with KLR.L — they tend to move on their own, which can help reduce risk when KLR.L drops. The stock ideas table highlights individual companies that behave independently from KLR.L.
No Diversifiers Found for KLR.L
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 KLR.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to KLR.L and solid risk/return profiles. The least correlated is Balfour Beatty plc (BBY.L) (Industrials) with a 1Y correlation of 0.49, roughly unchanged from 0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Balfour Beatty plc | 0.49 | 0.46 | 0.40 | 94 | Industrials | |
| Morgan Sindall Group plc | 0.50 | 0.43 | 0.39 | 62 | Industrials |
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