Looking to balance out your exposure to BAK? The ETFs below have the lowest correlation with BAK — they tend to move on their own, which can help reduce risk when BAK drops. The stock ideas table highlights individual companies that behave independently from BAK.
Best Diversifiers for BAK
0 ETFs have low correlation with BAK (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 0.32, roughly unchanged from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.32 | 0.28 | 0.30 | 66 | S&P 500 | BAK vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BAK, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BAK and solid risk/return profiles. The least correlated is Petróleo Brasileiro S.A. - Petrobras (PBR) (Energy) with a 1Y correlation of 0.35, roughly unchanged from 0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Petróleo Brasileiro S.A. - Petrobras | 0.35 | 0.39 | 0.44 | 87 | Energy |
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