Looking to balance out your exposure to BAESY? The ETFs below have the lowest correlation with BAESY — they tend to move on their own, which can help reduce risk when BAESY drops. The stock ideas table highlights individual companies that behave independently from BAESY.
Best Diversifiers for BAESY
12 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 -0.06, roughly unchanged from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.06 | -0.09 | -0.03 | 100 | Ultrashort Bond | BAESY vs SGOV | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.04 | 0.12 | 0.12 | 93 | Inflation-Protected Bonds | BAESY vs VTIP | |
| Invesco Optimum Yield Diversified Commodity Strate... | 0.05 | 0.05 | 0.13 | 76 | Commodities | BAESY vs PDBC | |
| Schwab U.S. Dividend Equity ETF | 0.13 | 0.20 | 0.24 | 85 | Dividend | BAESY vs SCHD | |
| Vanguard Value ETF | 0.18 | 0.25 | 0.28 | 85 | Large Cap Value Equities | BAESY vs VTV |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BAESY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BAESY and solid risk/return profiles. The least correlated is CVS Health Corporation (CVS) (Healthcare) with a 1Y correlation of -0.06, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CVS Health Corporation | -0.06 | 0.02 | 0.09 | 83 | Healthcare | |
| Exxon Mobil Corporation | -0.06 | 0.03 | 0.13 | 86 | Energy | |
| Apple Inc | -0.03 | 0.04 | 0.09 | 90 | Technology | |
| Archer-Daniels-Midland Company | -0.03 | 0.04 | 0.14 | 94 | Consumer Defensive | |
| Diamondback Energy, Inc. | -0.02 | 0.06 | 0.15 | 81 | Energy |
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