Looking to balance out your exposure to BCE? The ETFs below have the lowest correlation with BCE — they tend to move on their own, which can help reduce risk when BCE drops. The stock ideas table highlights individual companies that behave independently from BCE.
Best Diversifiers for BCE
2 ETFs have low correlation with BCE (below 0.3), 1 of which are negatively correlated. The least correlated is VanEck Semiconductor ETF (SMH) (Semiconductors) with a 1Y correlation of -0.22, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | -0.22 | -0.09 | 0.07 | 94 | Semiconductors, Technology Equities | BCE vs SMH | |
| Vanguard Total International Stock ETF | 0.05 | 0.25 | 0.36 | 55 | Global Equities | BCE vs VXUS |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BCE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BCE and solid risk/return profiles. The least correlated is Cisco Systems, Inc. (CSCO) (Technology) with a 1Y correlation of -0.16, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cisco Systems, Inc. | -0.16 | 0.01 | 0.19 | 93 | Technology | |
| Corning Incorporated | -0.14 | 0.02 | 0.16 | 98 | Technology | |
| Citigroup Inc. | -0.11 | 0.06 | 0.20 | 94 | Financial Services | |
| Valero Energy Corporation | -0.10 | 0.02 | 0.13 | 91 | Energy | |
| EOG Resources, Inc. | -0.10 | 0.03 | 0.16 | 58 | Energy |
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