Looking to balance out your exposure to BCS? The ETFs below have the lowest correlation with BCS — they tend to move on their own, which can help reduce risk when BCS drops. The stock ideas table highlights individual companies that behave independently from BCS.
Best Diversifiers for BCS
3 ETFs have low correlation with BCS (below 0.3), 3 of which are negatively correlated. The least correlated is State Street Energy Select Sector SPDR ETF (XLE) (Energy Equities) with a 1Y correlation of -0.08, down from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Energy Select Sector SPDR ETF | -0.08 | 0.20 | 0.32 | 63 | Energy Equities | BCS vs XLE | |
| Vanguard Short-Term Inflation-Protected Securities... | -0.08 | 0.04 | 0.04 | 93 | Inflation-Protected Bonds | BCS vs VTIP | |
| Alpha Architect 1-3 Month Box ETF | -0.05 | 0.03 | — | 100 | Ultrashort Bond | BCS vs BOXX | |
| iShares MSCI South Korea ETF | 0.40 | 0.39 | 0.44 | 96 | Asia Pacific Equities | BCS vs EWY | |
| Sprott Junior Copper Miners ETF | 0.41 | 0.45 | — | 73 | Commodity Producers Equities | BCS vs COPJ |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BCS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BCS and solid risk/return profiles. The least correlated is Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.13, down from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.13 | 0.13 | 0.27 | 83 | Energy | |
| Exxon Mobil Corporation | -0.12 | 0.11 | 0.24 | 85 | Energy | |
| Coterra Energy Inc. | -0.12 | 0.17 | 0.25 | 79 | Energy | |
| BP p.l.c. | -0.07 | 0.21 | 0.36 | 87 | Energy | |
| Archer-Daniels-Midland Company | -0.05 | 0.18 | 0.25 | 94 | Consumer Defensive |
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Build a portfolio that complements BCS
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Analyze a portfolio with BCS