Looking to balance out your exposure to BDOUY? The ETFs below have the lowest correlation with BDOUY — they tend to move on their own, which can help reduce risk when BDOUY drops. The stock ideas table highlights individual companies that behave independently from BDOUY.
Best Diversifiers for BDOUY
1 ETFs have low correlation with BDOUY (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 0.14, roughly unchanged from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.14 | 0.08 | 0.07 | 70 | S&P 500 | BDOUY vs SPY |
Diversification Analysis
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