Looking to balance out your exposure to BDN? The ETFs below have the lowest correlation with BDN — they tend to move on their own, which can help reduce risk when BDN drops. The stock ideas table highlights individual companies that behave independently from BDN.
Best Diversifiers for BDN
2 ETFs have low correlation with BDN (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 0.25, down from 0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.25 | 0.38 | 0.46 | 59 | S&P 500 | BDN vs SPY | |
| Vanguard Short-Term Bond Index Fund ETF Shares | 0.30 | 0.21 | 0.16 | 54 | Short-Term Bond | BDN vs BSV |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BDN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BDN and solid risk/return profiles. The least correlated is LTC Properties, Inc. (LTC) (Real Estate) with a 1Y correlation of 0.22, down from 0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| LTC Properties, Inc. | 0.22 | 0.37 | 0.45 | 61 | Real Estate | |
| Healthcare Realty Trust Incorporated | 0.28 | 0.42 | 0.47 | 85 | Real Estate | |
| W. P. Carey Inc. | 0.30 | 0.42 | 0.48 | 72 | Real Estate | |
| Medical Properties Trust, Inc | 0.31 | 0.39 | 0.47 | 50 | Real Estate | |
| Broadstone Net Lease, Inc. | 0.34 | 0.46 | 0.52 | 87 | Real Estate |
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