Looking to balance out your exposure to KLXE? The ETFs below have the lowest correlation with KLXE — they tend to move on their own, which can help reduce risk when KLXE drops. The stock ideas table highlights individual companies that behave independently from KLXE.
No Diversifiers Found for KLXE
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 KLXE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to KLXE and solid risk/return profiles. The least correlated is ProPetro Holding Corp. (PUMP) (Energy) with a 1Y correlation of 0.42, down from 0.55 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ProPetro Holding Corp. | 0.42 | 0.50 | 0.55 | 92 | Energy |
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