Looking to balance out your exposure to BATRA? The ETFs below have historically moved differently from BATRA, 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 BATRA
5 ETFs have low correlation with BATRA (below 0.3), 0 of which are negatively correlated. The least correlated is VanEck Semiconductor ETF (SMH) (Semiconductors) with a 1Y correlation of 0.01, down from 0.26 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | 0.01 | 0.17 | 0.26 | 87 | Semiconductors, Technology Equities | BATRA vs SMH | |
| State Street SPDR S&P 500 ETF | 0.22 | 0.34 | 0.39 | 67 | S&P 500 | BATRA vs SPY | |
| Vanguard S&P 500 ETF | 0.23 | 0.35 | 0.39 | 68 | S&P 500 | BATRA vs VOO | |
| Schwab 1000 Index ETF | 0.24 | 0.36 | 0.40 | 65 | Large Cap Blend Equities | BATRA vs SCHK | |
| Schwab U.S. Dividend Equity ETF | 0.27 | 0.38 | 0.39 | 95 | Dividend | BATRA vs SCHD |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BATRA, 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 Golar LNG Limited (GLNG) (Energy) with a 1Y correlation of -0.05, down from 0.19 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Golar LNG Limited | -0.05 | 0.15 | 0.19 | 66 | Energy | |
| CECO Environmental Corp. | 0.05 | 0.18 | 0.23 | 69 | Industrials | |
| FirstCash, Inc. | 0.05 | 0.19 | 0.24 | 89 | Financial Services | |
| Advanced Energy Industries, Inc. | 0.05 | 0.24 | 0.32 | 88 | Industrials | |
| Cognex Corporation | 0.07 | 0.19 | 0.28 | 79 | Technology |
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