Looking to balance out your exposure to BDNNY? The ETFs below have the lowest correlation with BDNNY — they tend to move on their own, which can help reduce risk when BDNNY drops. The stock ideas table highlights individual companies that behave independently from BDNNY.
Best Diversifiers for BDNNY
1 ETFs have low correlation with BDNNY (below 0.3), 0 of which are negatively correlated. The least correlated is State Street Energy Select Sector SPDR ETF (XLE) (Energy Equities) with a 1Y correlation of 0.00, down from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Energy Select Sector SPDR ETF | 0.00 | 0.19 | 0.26 | 63 | Energy Equities | BDNNY vs XLE | |
| WisdomTree Japan Hedged Equity Fund | 0.45 | 0.30 | 0.31 | 88 | Japan Equities | BDNNY vs DXJ | |
| Matthews Korea Active ETF | 0.46 | 0.43 | 0.43 | 96 | Asia Pacific Equities | BDNNY vs MKOR | |
| Franklin FTSE South Korea ETF | 0.46 | 0.45 | 0.42 | 96 | Asia Pacific Equities | BDNNY vs FLKR | |
| iShares MSCI South Korea ETF | 0.47 | 0.45 | 0.43 | 96 | Asia Pacific Equities | BDNNY vs EWY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BDNNY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BDNNY and solid risk/return profiles. The least correlated is Coterra Energy Inc. (CTRA) (Energy) with a 1Y correlation of -0.14, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Coterra Energy Inc. | -0.14 | 0.11 | 0.17 | 79 | Energy | |
| Exxon Mobil Corporation | -0.01 | 0.15 | 0.22 | 85 | Energy | |
| Hafnia Limited | 0.09 | — | — | 84 | Industrials | |
| International Seaways, Inc. | 0.12 | 0.15 | 0.15 | 95 | Energy | |
| RTX Corporation | 0.16 | 0.10 | 0.16 | 70 | Industrials |
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