Looking to balance out your exposure to BESIY? The ETFs below have historically moved differently from BESIY, 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 BESIY
2 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 -0.05, down from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Optimum Yield Diversified Commodity Strate... | -0.05 | 0.07 | 0.09 | 72 | Commodities | BESIY vs PDBC | |
| ALPS Active REIT ETF | 0.07 | 0.07 | 0.12 | 79 | REIT | BESIY vs REIT | |
| State Street SPDR S&P 500 ETF | 0.55 | 0.40 | 0.35 | 67 | S&P 500 | BESIY vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BESIY, 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 Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.20, roughly unchanged from -0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.20 | -0.20 | -0.10 | 56 | Utilities | |
| Berkshire Hathaway Inc. | -0.19 | -0.04 | 0.06 | 61 | Financial Services | |
| Cboe Global Markets, Inc. | -0.12 | -0.16 | -0.09 | 69 | Financial Services | |
| Energy Transfer LP | -0.10 | 0.02 | 0.09 | 81 | Energy | |
| CVS Health Corporation | -0.05 | -0.08 | -0.02 | 94 | Healthcare |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements BESIY
Add BESIY to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with BESIY