Looking to balance out your exposure to BACHY? The ETFs below have the lowest correlation with BACHY — they tend to move on their own, which can help reduce risk when BACHY drops. The stock ideas table highlights individual companies that behave independently from BACHY.
Best Diversifiers for BACHY
1 ETFs have low correlation with BACHY (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.17, down from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.17 | 0.26 | 0.28 | 63 | S&P 500 | BACHY vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BACHY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BACHY and solid risk/return profiles. The least correlated is Howmet Aerospace Inc. (HWM) (Industrials) with a 1Y correlation of -0.00, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Howmet Aerospace Inc. | -0.00 | 0.08 | 0.17 | 86 | Industrials | |
| Rhythm Pharmaceuticals, Inc. | 0.01 | 0.07 | 0.09 | 79 | Healthcare | |
| General Electric Company | 0.02 | 0.11 | 0.14 | 81 | Industrials | |
| CVS Health Corporation | 0.05 | 0.09 | 0.13 | 88 | Healthcare | |
| Broadcom Inc. | 0.06 | 0.16 | 0.19 | 71 | Technology |
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