Looking to balance out your exposure to BATRA? The ETFs below have the lowest correlation with BATRA — they tend to move on their own, which can help reduce risk when BATRA drops. The stock ideas table highlights individual companies that behave independently from BATRA.
Best Diversifiers for BATRA
4 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 0.13, down from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | 0.13 | 0.22 | 0.29 | 96 | Semiconductors, Technology Equities | BATRA vs SMH | |
| Schwab U.S. Dividend Equity ETF | 0.27 | 0.39 | 0.40 | 85 | Dividend | BATRA vs SCHD | |
| Invesco QQQ ETF | 0.27 | 0.30 | 0.34 | 74 | Nasdaq-100 | BATRA vs QQQ | |
| NEOS Nasdaq-100 High Income ETF | 0.28 | — | — | 70 | Nasdaq-100, Derivative Income | BATRA vs QQQI | |
| Vanguard S&P 500 ETF | 0.36 | 0.39 | 0.41 | 74 | S&P 500 | BATRA vs VOO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BATRA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BATRA and solid risk/return profiles. The least correlated is Exelon Corporation (EXC) (Utilities) with a 1Y correlation of 0.04, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exelon Corporation | 0.04 | 0.12 | 0.15 | 53 | Utilities | |
| Golar LNG Limited | 0.05 | 0.19 | 0.21 | 66 | Energy | |
| Huazhu Group Limited | 0.09 | 0.11 | 0.17 | 71 | Consumer Cyclical | |
| American Electric Power Company, Inc. | 0.11 | 0.16 | 0.15 | 83 | Utilities | |
| CECO Environmental Corp. | 0.13 | 0.21 | 0.25 | 93 | Industrials |
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