Looking to diversify beyond KSLV? The ETFs below have the lowest correlation with KSLV — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from KSLV.
Best Diversifiers for KSLV
827 ETFs have low correlation with KSLV (below 0.3), 21 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.12, roughly unchanged from -0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.12 | -0.12 | -0.12 | 61 | Leveraged Currency | KSLV vs YCS | |
| BlackRock Floating Rate Loan ETF | -0.10 | -0.10 | -0.10 | 55 | Bank Loan | KSLV vs BRLN | |
| TCW AAA CLO ETF | -0.10 | -0.10 | -0.10 | 99 | CLO | KSLV vs ACLO | |
| PIMCO Ultra Short Government Active Exchange-Trade... | -0.09 | -0.09 | -0.09 | 100 | Ultrashort Bond | KSLV vs BILZ | |
| PIMCO Enhanced Short Maturity Active ETF | -0.09 | -0.09 | -0.09 | 100 | Ultrashort Bond | KSLV vs MINT |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from KSLV, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to KSLV and solid risk/return profiles. The least correlated is Micron Technology, Inc. (MU) (Technology) with a 1Y correlation of 0.25, roughly unchanged from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Micron Technology, Inc. | 0.25 | 0.25 | 0.25 | 99 | Technology | |
| Taiwan Semiconductor Manufacturing Company Limited | 0.31 | 0.31 | 0.31 | 95 | Technology |
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