Looking to balance out your exposure to BAYRY? The ETFs below have the lowest correlation with BAYRY — they tend to move on their own, which can help reduce risk when BAYRY drops. The stock ideas table highlights individual companies that behave independently from BAYRY.
Best Diversifiers for BAYRY
2 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 0.27, roughly unchanged from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.27 | 0.21 | 0.31 | 70 | S&P 500 | BAYRY vs SPY | |
| Vanguard S&P 500 ETF | 0.27 | 0.21 | 0.31 | 70 | S&P 500 | BAYRY vs VOO | |
| Schwab U.S. Dividend Equity ETF | 0.31 | 0.31 | 0.38 | 80 | Dividend | BAYRY vs SCHD |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BAYRY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BAYRY and solid risk/return profiles. The least correlated is CF Industries Holdings, Inc. (CF) (Basic Materials) with a 1Y correlation of -0.16, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CF Industries Holdings, Inc. | -0.16 | 0.03 | 0.10 | 60 | Basic Materials | |
| Palo Alto Networks, Inc. | -0.05 | -0.02 | 0.08 | 67 | Technology | |
| NVIDIA Corporation | 0.04 | 0.04 | 0.15 | 78 | Technology | |
| Corteva, Inc. | 0.05 | 0.24 | 0.29 | 51 | Basic Materials | |
| Amazon.com, Inc | 0.18 | 0.12 | 0.20 | 60 | Consumer Cyclical |
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