Looking to balance out your exposure to BBW? The ETFs below have historically moved differently from BBW, 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 BBW
0 ETFs have low correlation with BBW (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 0.31, down from 0.41 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 | 0.31 | 0.37 | 0.41 | 78 | S&P 500 | BBW vs SPY | |
| Vanguard S&P 500 ETF | 0.31 | 0.37 | 0.41 | 78 | S&P 500 | BBW vs VOO |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BBW, 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 The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.10, down from 0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.10 | -0.00 | 0.07 | 87 | Consumer Defensive | |
| Berkshire Hathaway Inc. | -0.02 | 0.17 | 0.26 | 61 | Financial Services | |
| Enerflex Ltd. | 0.01 | 0.15 | 0.16 | 98 | Energy | |
| Quanta Services, Inc. | 0.07 | 0.19 | 0.26 | 87 | Industrials | |
| China Yuchai International Limited | 0.07 | 0.05 | 0.15 | 87 | Industrials |
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