Looking to balance out your exposure to BCRX? The ETFs below have the lowest correlation with BCRX — they tend to move on their own, which can help reduce risk when BCRX drops. The stock ideas table highlights individual companies that behave independently from BCRX.
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 0.24, roughly unchanged from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.24 | 0.25 | 0.33 | 65 | S&P 500 | BCRX vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BCRX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BCRX and solid risk/return profiles. The least correlated is Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.11, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.11 | 0.04 | 0.12 | 74 | Energy | |
| Exxon Mobil Corporation | -0.09 | 0.04 | 0.12 | 78 | Energy | |
| Altria Group, Inc. | -0.06 | 0.04 | 0.05 | 80 | Consumer Defensive | |
| NextEra Energy, Inc. | 0.01 | 0.10 | 0.15 | 73 | Utilities | |
| The Southern Company | 0.04 | 0.05 | 0.07 | 56 | Utilities |
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