Looking to balance out your exposure to BELFB? The ETFs below have historically moved differently from BELFB, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for BELFB
1 ETFs have low correlation with BELFB (below 0.3), 0 of which are negatively correlated. The least correlated is Breakwave Tanker Shipping ETF (BWET) (Commodities) with a 1Y correlation of 0.06, roughly unchanged from 0.06 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Breakwave Tanker Shipping ETF | 0.06 | 0.06 | — | 99 | Commodities | BELFB vs BWET | |
| Vanguard S&P 500 ETF | 0.49 | 0.49 | 0.49 | 72 | S&P 500 | BELFB vs VOO | |
| VanEck Semiconductor ETF | 0.61 | 0.52 | 0.49 | 87 | Semiconductors, Technology Equities | BELFB vs SMH | |
| Invesco Semiconductors ETF | 0.68 | 0.59 | 0.54 | 88 | Semiconductors, Technology Equities | BELFB vs PSI |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BELFB, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.22, down from 0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.22 | -0.06 | 0.04 | 86 | Consumer Defensive | |
| Johnson & Johnson | -0.17 | -0.08 | -0.01 | 96 | Healthcare | |
| Visa Inc. | -0.08 | 0.10 | 0.20 | 56 | Financial Services | |
| Walmart Inc. | -0.07 | 0.03 | 0.10 | 59 | Consumer Defensive | |
| Enterprise Products Partners L.P. | -0.06 | 0.09 | 0.21 | 86 | Energy |
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