Looking to balance out your exposure to BFLBY? The ETFs below have the lowest correlation with BFLBY — they tend to move on their own, which can help reduce risk when BFLBY drops. The stock ideas table highlights individual companies that behave independently from BFLBY.
No Diversifiers Found for BFLBY
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BFLBY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BFLBY and solid risk/return profiles. The least correlated is AXT, Inc. (AXTI) (Technology) with a 1Y correlation of -0.06, roughly unchanged from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AXT, Inc. | -0.06 | -0.01 | 0.01 | 99 | Technology | |
| Marubeni Corp ADR | 0.06 | 0.06 | 0.08 | 80 | Industrials | |
| Agnico Eagle Mines Limited | 0.08 | 0.07 | 0.06 | 63 | Basic Materials | |
| AngloGold Ashanti Limited | 0.09 | 0.06 | 0.05 | 78 | Basic Materials | |
| Elbit Systems Ltd | 0.09 | 0.12 | 0.09 | 89 | Industrials |
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