Looking to balance out your exposure to BARK? The ETFs below have the lowest correlation with BARK — they tend to move on their own, which can help reduce risk when BARK drops. The stock ideas table highlights individual companies that behave independently from BARK.
Best Diversifiers for BARK
1 ETFs have low correlation with BARK (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.30, roughly unchanged from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.30 | 0.29 | 0.35 | 70 | S&P 500 | BARK vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BARK, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BARK and solid risk/return profiles. The least correlated is Green Plains Inc. (GPRE) (Basic Materials) with a 1Y correlation of 0.07, down from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Green Plains Inc. | 0.07 | 0.21 | 0.27 | 96 | Basic Materials |
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