Looking to balance out your exposure to BATRK? The ETFs below have the lowest correlation with BATRK — they tend to move on their own, which can help reduce risk when BATRK drops. The stock ideas table highlights individual companies that behave independently from BATRK.
Best Diversifiers for BATRK
1 ETFs have low correlation with BATRK (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Global Clean Energy ETF (ICLN) (Alternative Energy Equities) with a 1Y correlation of 0.17, down from 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Global Clean Energy ETF | 0.17 | 0.28 | 0.34 | 87 | Alternative Energy Equities | BATRK vs ICLN | |
| Vanguard S&P 500 ETF | 0.34 | 0.39 | 0.42 | 70 | S&P 500 | BATRK vs VOO | |
| State Street SPDR S&P 500 ETF | 0.34 | 0.39 | 0.42 | 70 | S&P 500 | BATRK vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BATRK, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BATRK and solid risk/return profiles. The least correlated is Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.02, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.02 | 0.16 | 0.19 | 83 | Energy | |
| The Coca-Cola Company | 0.10 | 0.10 | 0.13 | 66 | Consumer Defensive | |
| Fastly, Inc. | 0.12 | 0.24 | 0.28 | 84 | Technology | |
| Chubb Limited | 0.16 | 0.15 | 0.22 | 51 | Financial Services | |
| Apple Inc | 0.16 | 0.23 | 0.28 | 89 | Technology |
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