Looking to balance out your exposure to BAESY? The ETFs below have historically moved differently from BAESY, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for BAESY
10 ETFs have low correlation with BAESY (below 0.3), 1 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.07, roughly unchanged from -0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.07 | -0.09 | -0.04 | 100 | Ultrashort Bond | BAESY vs SGOV | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.01 | 0.11 | 0.12 | 91 | Inflation-Protected Bonds | BAESY vs VTIP | |
| Invesco Optimum Yield Diversified Commodity Strate... | 0.03 | 0.04 | 0.12 | 69 | Commodities | BAESY vs PDBC | |
| Schwab U.S. Dividend Equity ETF | 0.17 | 0.19 | 0.23 | 94 | Dividend | BAESY vs SCHD | |
| Vanguard Value ETF | 0.20 | 0.24 | 0.26 | 91 | Large Cap Value Equities | BAESY vs VTV |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BAESY, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is CVS Health Corporation (CVS) (Healthcare) with a 1Y correlation of -0.09, down from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CVS Health Corporation | -0.09 | 0.03 | 0.08 | 95 | Healthcare | |
| Diamondback Energy, Inc. | -0.07 | 0.04 | 0.13 | 76 | Energy | |
| Archer-Daniels-Midland Company | -0.05 | 0.02 | 0.12 | 91 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.04 | 0.03 | 0.12 | 84 | Energy | |
| Cheniere Energy, Inc. | -0.02 | 0.10 | 0.12 | 57 | Energy |
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