Looking to balance out your exposure to BCHG? The ETFs below have the lowest correlation with BCHG — they tend to move on their own, which can help reduce risk when BCHG drops. The stock ideas table highlights individual companies that behave independently from BCHG.
Best Diversifiers for BCHG
0 ETFs have low correlation with BCHG (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.39, roughly unchanged from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.39 | 0.30 | 0.31 | 74 | Nasdaq-100 | BCHG vs QQQ |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BCHG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BCHG and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.21, roughly unchanged from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.21 | 0.20 | 0.26 | 80 | Technology | |
| Amazon.com, Inc | 0.27 | 0.24 | 0.25 | 62 | Consumer Cyclical | |
| Broadcom Inc. | 0.27 | 0.22 | 0.25 | 76 | Technology |
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