Looking to balance out your exposure to BEAM? The ETFs below have the lowest correlation with BEAM — they tend to move on their own, which can help reduce risk when BEAM drops. The stock ideas table highlights individual companies that behave independently from BEAM.
Best Diversifiers for BEAM
1 ETFs have low correlation with BEAM (below 0.3), 0 of which are negatively correlated. The least correlated is Schwab U.S. Dividend Equity ETF (SCHD) (Dividend) with a 1Y correlation of 0.24, down from 0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.24 | 0.34 | 0.36 | 80 | Dividend | BEAM vs SCHD | |
| State Street SPDR S&P 500 ETF | 0.40 | 0.38 | 0.45 | 70 | S&P 500 | BEAM vs SPY | |
| Vanguard S&P 500 ETF | 0.40 | 0.38 | 0.45 | 70 | S&P 500 | BEAM vs VOO | |
| Defiance Quantum ETF | 0.41 | 0.42 | 0.49 | 91 | Technology Equities | BEAM vs QTUM |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BEAM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BEAM and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.10, down from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.10 | 0.12 | 0.30 | 78 | Technology | |
| Cloudflare, Inc. | 0.14 | 0.23 | 0.39 | 67 | Technology | |
| CrowdStrike Holdings, Inc. | 0.18 | 0.20 | 0.34 | 70 | Technology | |
| DigitalBridge Group, Inc. | 0.19 | 0.28 | 0.34 | 73 | Real Estate | |
| ASML Holding N.V. | 0.20 | 0.24 | 0.31 | 94 | Technology |
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