Looking to balance out your exposure to BASFY? The ETFs below have historically moved differently from BASFY, 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 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 0.18, down from 0.40 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.18 | 0.31 | 0.40 | 67 | S&P 500 | BASFY vs SPY | |
| Vanguard S&P 500 ETF | 0.21 | 0.31 | 0.41 | 68 | S&P 500 | BASFY vs VOO |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BASFY, 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 Snowflake Inc. (SNOW) (Technology) with a 1Y correlation of -0.03, down from 0.19 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Snowflake Inc. | -0.03 | 0.12 | 0.19 | 62 | Technology | |
| PBF Energy Inc. | 0.06 | 0.14 | 0.20 | 96 | Energy | |
| Rivian Automotive, Inc. | 0.06 | 0.22 | 0.24 | 56 | Consumer Cyclical | |
| Thermo Fisher Scientific Inc. | 0.16 | 0.22 | 0.25 | 65 | Healthcare | |
| Sumitomo Corp ADR | 0.17 | 0.30 | 0.31 | 87 | Industrials |
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