Looking to balance out your exposure to BELFB? The ETFs below have the lowest correlation with BELFB — they tend to move on their own, which can help reduce risk when BELFB drops. The stock ideas table highlights individual companies that behave independently from BELFB.
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 0.03, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Breakwave Tanker Shipping ETF | 0.03 | 0.07 | 0.08 | 99 | Commodities | BELFB vs BWET | |
| Global X Hydrogen ETF | 0.37 | 0.35 | 0.39 | 92 | Alternative Energy Equities | BELFB vs HYDR | |
| Vanguard S&P 500 ETF | 0.48 | 0.49 | 0.48 | 70 | S&P 500 | BELFB vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BELFB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BELFB and solid risk/return profiles. The least correlated is Johnson & Johnson (JNJ) (Healthcare) with a 1Y correlation of -0.10, down from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Johnson & Johnson | -0.10 | -0.05 | 0.01 | 92 | Healthcare | |
| The Coca-Cola Company | -0.08 | -0.02 | 0.08 | 66 | Consumer Defensive | |
| PepsiCo, Inc. | -0.03 | 0.04 | 0.08 | 56 | Consumer Defensive | |
| Enterprise Products Partners L.P. | 0.01 | 0.14 | 0.24 | 85 | Energy | |
| Walmart Inc. | 0.02 | 0.07 | 0.12 | 63 | Consumer Defensive |
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