Looking to balance out your exposure to BDC? The ETFs below have the lowest correlation with BDC — they tend to move on their own, which can help reduce risk when BDC drops. The stock ideas table highlights individual companies that behave independently from BDC.
No Diversifiers Found for BDC
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BDC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BDC and solid risk/return profiles. The least correlated is Vertiv Holdings Co. (VRT) (Industrials) with a 1Y correlation of 0.34, down from 0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Vertiv Holdings Co. | 0.34 | 0.40 | 0.45 | 94 | Industrials | |
| Amphenol Corporation | 0.39 | 0.52 | 0.61 | 77 | Technology | |
| Textron Inc. | 0.44 | 0.49 | 0.57 | 65 | Industrials | |
| nVent Electric plc | 0.45 | 0.53 | 0.59 | 97 | Industrials | |
| Axcelis Technologies, Inc. | 0.46 | 0.49 | 0.56 | 92 | Technology |
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