Looking to balance out your exposure to BEKE? The ETFs below have the lowest correlation with BEKE — they tend to move on their own, which can help reduce risk when BEKE drops. The stock ideas table highlights individual companies that behave independently from BEKE.
Best Diversifiers for BEKE
2 ETFs have low correlation with BEKE (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.27, roughly unchanged from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.27 | 0.26 | 0.26 | 73 | Nasdaq-100 | BEKE vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.29 | 0.28 | 0.25 | 70 | S&P 500 | BEKE vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BEKE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BEKE and solid risk/return profiles. The least correlated is W. P. Carey Inc. (WPC) (Real Estate) with a 1Y correlation of -0.02, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| W. P. Carey Inc. | -0.02 | 0.13 | 0.09 | 79 | Real Estate | |
| Energy Transfer LP | 0.08 | 0.13 | 0.16 | 69 | Energy | |
| NVIDIA Corporation | 0.14 | 0.17 | 0.19 | 78 | Technology | |
| Amazon.com, Inc | 0.19 | 0.18 | 0.22 | 60 | Consumer Cyclical | |
| Huazhu Group Limited | 0.19 | 0.44 | 0.50 | 70 | Consumer Cyclical |
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