Looking to balance out your exposure to BCE? The ETFs below have historically moved differently from BCE, 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 BCE
4 ETFs have low correlation with BCE (below 0.3), 3 of which are negatively correlated. The least correlated is VanEck Semiconductor ETF (SMH) (Semiconductors) with a 1Y correlation of -0.28, down from 0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | -0.28 | -0.13 | 0.05 | 87 | Semiconductors, Technology Equities | BCE vs SMH | |
| WisdomTree U.S. Quality Dividend Growth Fund | -0.02 | 0.14 | 0.30 | 64 | Quality Factor, Dividend, Large Cap Growth Equities | BCE vs DGRW | |
| Vanguard Total International Stock ETF | -0.01 | 0.21 | 0.34 | 64 | Global Equities | BCE vs VXUS | |
| Alerian MLP ETF | 0.04 | 0.08 | 0.24 | 55 | MLPs | BCE vs AMLP |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BCE, 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 Cisco Systems, Inc. (CSCO) (Technology) with a 1Y correlation of -0.21, down from 0.17 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cisco Systems, Inc. | -0.21 | -0.03 | 0.17 | 94 | Technology | |
| Corning Incorporated | -0.17 | -0.01 | 0.13 | 89 | Technology | |
| Valero Energy Corporation | -0.17 | -0.02 | 0.11 | 98 | Energy | |
| Citigroup Inc. | -0.15 | 0.03 | 0.18 | 87 | Financial Services | |
| Brookfield Renewable Partners L.P. | -0.08 | 0.14 | 0.22 | 76 | Utilities |
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