Looking to balance out your exposure to BCAL? The ETFs below have the lowest correlation with BCAL — they tend to move on their own, which can help reduce risk when BCAL drops. The stock ideas table highlights individual companies that behave independently from BCAL.
Best Diversifiers for BCAL
0 ETFs have low correlation with BCAL (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 0.40, up from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.40 | 0.31 | 0.23 | 70 | S&P 500 | BCAL vs SPY |
Diversification Analysis
Build a portfolio that complements BCAL
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