Looking to balance out your exposure to BCRX? The ETFs below have historically moved differently from BCRX, 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 BCRX
1 ETFs have low correlation with BCRX (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 0.22, roughly unchanged from 0.32 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.22 | 0.25 | 0.32 | 71 | S&P 500 | BCRX vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BCRX, 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 Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.12, down from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.12 | 0.04 | 0.11 | 72 | Energy | |
| Exxon Mobil Corporation | -0.09 | 0.04 | 0.11 | 84 | Energy | |
| Altria Group, Inc. | -0.06 | 0.04 | 0.04 | 63 | Consumer Defensive | |
| NextEra Energy, Inc. | 0.01 | 0.10 | 0.15 | 74 | Utilities | |
| Walmart Inc. | 0.05 | 0.08 | 0.09 | 59 | Consumer Defensive |
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