Looking to balance out your exposure to BAYRY? The ETFs below have historically moved differently from BAYRY, 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 BAYRY
3 ETFs have low correlation with BAYRY (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 0.20, roughly unchanged from 0.30 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 | 0.20 | 0.19 | 0.30 | 78 | S&P 500 | BAYRY vs SPY | |
| Vanguard S&P 500 ETF | 0.20 | 0.19 | 0.30 | 78 | S&P 500 | BAYRY vs VOO | |
| Schwab U.S. Dividend Equity ETF | 0.26 | 0.30 | 0.37 | 95 | Dividend | BAYRY vs SCHD |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BAYRY, 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 CF Industries Holdings, Inc. (CF) (Basic Materials) with a 1Y correlation of -0.13, down from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CF Industries Holdings, Inc. | -0.13 | 0.02 | 0.09 | 68 | Basic Materials | |
| Palo Alto Networks, Inc. | -0.03 | -0.02 | 0.08 | 90 | Technology | |
| NVIDIA Corporation | -0.01 | 0.01 | 0.14 | 61 | Technology | |
| Corteva, Inc. | 0.09 | 0.24 | 0.29 | 52 | Basic Materials | |
| Amazon.com, Inc | 0.15 | 0.09 | 0.20 | 72 | Consumer Cyclical |
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