Looking to balance out your exposure to BELFA? The ETFs below have the lowest correlation with BELFA — they tend to move on their own, which can help reduce risk when BELFA drops. The stock ideas table highlights individual companies that behave independently from BELFA.
Best Diversifiers for BELFA
0 ETFs have low correlation with BELFA (below 0.3), 0 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nomura Focused Emerging Markets Equity ETF | 0.42 | — | — | 91 | Emerging Markets Diversified | BELFA vs EMEQ | |
| State Street SPDR S&P 500 ETF | 0.48 | 0.46 | 0.38 | 65 | S&P 500 | BELFA vs SPY | |
| Invesco S&P 500 Momentum ETF | 0.54 | 0.45 | 0.37 | 51 | Momentum, S&P 500 | BELFA vs SPMO | |
| VanEck Semiconductor ETF | 0.59 | 0.49 | 0.39 | 90 | Semiconductors, Technology Equities | BELFA vs SMH |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BELFA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BELFA and solid risk/return profiles. The least correlated is Kodiak Sciences Inc. (KOD) (Healthcare) with a 1Y correlation of 0.12, roughly unchanged from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Kodiak Sciences Inc. | 0.12 | 0.17 | 0.15 | 99 | Healthcare | |
| ZIM Integrated Shipping Services Ltd. | 0.19 | 0.15 | 0.12 | 81 | Industrials | |
| Aura Minerals Inc. Common Shares | 0.25 | 0.25 | 0.25 | 82 | Basic Materials | |
| Hudbay Minerals Inc. | 0.32 | 0.27 | 0.24 | 85 | Basic Materials | |
| The Goldman Sachs Group, Inc. | 0.35 | 0.34 | 0.30 | 88 | Financial Services |
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