Looking to balance out your exposure to BESIY? The ETFs below have the lowest correlation with BESIY — they tend to move on their own, which can help reduce risk when BESIY drops. The stock ideas table highlights individual companies that behave independently from BESIY.
Best Diversifiers for BESIY
1 ETFs have low correlation with BESIY (below 0.3), 1 of which are negatively correlated. The least correlated is Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) (Commodities) with a 1Y correlation of -0.07, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Optimum Yield Diversified Commodity Strate... | -0.07 | 0.07 | 0.09 | 74 | Commodities | BESIY vs PDBC | |
| State Street SPDR S&P 500 ETF | 0.47 | 0.38 | 0.33 | 70 | S&P 500 | BESIY vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BESIY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BESIY and solid risk/return profiles. The least correlated is Cboe Global Markets, Inc. (CBOE) (Financial Services) with a 1Y correlation of -0.10, roughly unchanged from -0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cboe Global Markets, Inc. | -0.10 | -0.15 | -0.09 | 68 | Financial Services | |
| Tsakos Energy Navigation Ltd | 0.05 | 0.11 | 0.07 | 94 | Energy | |
| National HealthCare Corporation | 0.06 | 0.11 | 0.11 | 92 | Healthcare | |
| British American Tobacco p.l.c. | 0.06 | -0.05 | 0.01 | 77 | Consumer Defensive | |
| Navigator Holdings Ltd. | 0.15 | 0.20 | 0.15 | 86 | Energy |
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