Looking to balance out your exposure to BBY.L? The ETFs below have the lowest correlation with BBY.L — they tend to move on their own, which can help reduce risk when BBY.L drops. The stock ideas table highlights individual companies that behave independently from BBY.L.
No Diversifiers Found for BBY.L
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BBY.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BBY.L and solid risk/return profiles. The least correlated is Coca Cola HBC AG (CCH.L) (Consumer Defensive) with a 1Y correlation of 0.13, down from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Coca Cola HBC AG | 0.13 | 0.20 | 0.27 | 54 | Consumer Defensive | |
| National Grid plc | 0.15 | 0.18 | 0.17 | 68 | Utilities | |
| International Consolidated Airlines Group S.A | 0.44 | 0.37 | 0.36 | 64 | Industrials | |
| Keller Group plc | 0.49 | 0.46 | 0.40 | 89 | Industrials |
Build a portfolio that complements BBY.L
Add BBY.L to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with BBY.L