Looking to balance out your exposure to BBCP? The ETFs below have the lowest correlation with BBCP — they tend to move on their own, which can help reduce risk when BBCP drops. The stock ideas table highlights individual companies that behave independently from BBCP.
Best Diversifiers for BBCP
0 ETFs have low correlation with BBCP (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 0.38, roughly unchanged from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.38 | 0.34 | 0.35 | 74 | S&P 500 | BBCP vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BBCP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BBCP and solid risk/return profiles. The least correlated is Northwest Pipe Company (NWPX) (Industrials) with a 1Y correlation of 0.52, up from 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Northwest Pipe Company | 0.52 | 0.41 | 0.34 | 98 | Industrials |
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