Looking to balance out your exposure to BASFY? The ETFs below have the lowest correlation with BASFY — they tend to move on their own, which can help reduce risk when BASFY drops. The stock ideas table highlights individual companies that behave independently from BASFY.
Best Diversifiers for BASFY
2 ETFs have low correlation with BASFY (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 0.23, down from 0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.23 | 0.32 | 0.42 | 66 | S&P 500 | BASFY vs SPY | |
| Vanguard S&P 500 ETF | 0.23 | 0.32 | 0.42 | 66 | S&P 500 | BASFY vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BASFY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BASFY and solid risk/return profiles. The least correlated is Snowflake Inc. (SNOW) (Technology) with a 1Y correlation of -0.06, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Snowflake Inc. | -0.06 | 0.12 | 0.18 | 60 | Technology | |
| PBF Energy Inc. | 0.04 | 0.13 | 0.20 | 85 | Energy | |
| Rivian Automotive, Inc. | 0.08 | 0.22 | 0.25 | 63 | Consumer Cyclical | |
| Thermo Fisher Scientific Inc. | 0.14 | 0.22 | 0.24 | 64 | Healthcare | |
| Fortescue Metals Group Ltd ADR | 0.20 | 0.36 | 0.39 | 66 | Basic Materials |
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