Looking to balance out your exposure to KLYCY? The ETFs below have the lowest correlation with KLYCY — they tend to move on their own, which can help reduce risk when KLYCY drops. The stock ideas table highlights individual companies that behave independently from KLYCY.
Best Diversifiers for KLYCY
1 ETFs have low correlation with KLYCY (below 0.3), 1 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 -0.06, roughly unchanged from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | -0.06 | 0.00 | 0.01 | 70 | S&P 500 | KLYCY vs SPY |
Diversification Analysis
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