Looking to balance out your exposure to BBVA? The ETFs below have historically moved differently from BBVA, 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 BBVA
1 ETFs have low correlation with BBVA (below 0.3), 0 of which are negatively correlated. The least correlated is iShares U.S. Pharmaceuticals ETF (IHE) (Health & Biotech Equities) with a 1Y correlation of 0.22, 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 |
|---|---|---|---|---|---|---|---|
| iShares U.S. Pharmaceuticals ETF | 0.22 | 0.24 | 0.30 | 95 | Health & Biotech Equities | BBVA vs IHE | |
| iShares MSCI South Korea ETF | 0.32 | 0.35 | 0.41 | 85 | South Korea Equities, Asia Pacific Equities | BBVA vs EWY | |
| iShares U.S. Regional Banks ETF | 0.36 | 0.39 | 0.49 | 51 | Financials Equities | BBVA vs IAT | |
| Invesco QQQ ETF | 0.44 | 0.36 | 0.42 | 54 | Nasdaq-100 | BBVA vs QQQ | |
| JPMorgan Nasdaq Equity Premium Income ETF | 0.46 | 0.35 | 0.43 | 60 | Nasdaq-100, Derivative Income | BBVA vs JEPQ |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BBVA, 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 EOG Resources, Inc. (EOG) (Energy) with a 1Y correlation of -0.18, down from 0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| EOG Resources, Inc. | -0.18 | 0.00 | 0.15 | 61 | Energy | |
| Diamondback Energy, Inc. | -0.13 | 0.03 | 0.16 | 72 | Energy | |
| Plains All American Pipeline, L.P. | -0.12 | 0.15 | 0.26 | 90 | Energy | |
| Chevron Corporation | -0.10 | 0.06 | 0.18 | 72 | Energy | |
| LyondellBasell Industries N.V. | -0.09 | 0.15 | 0.30 | 58 | Basic Materials |
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