Looking to balance out your exposure to BFLY? The ETFs below have the lowest correlation with BFLY — they tend to move on their own, which can help reduce risk when BFLY drops. The stock ideas table highlights individual companies that behave independently from BFLY.
Best Diversifiers for BFLY
0 ETFs have low correlation with BFLY (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.48, roughly unchanged from 0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.48 | 0.43 | 0.46 | 74 | S&P 500 | BFLY vs SPY | |
| Vanguard S&P 500 ETF | 0.48 | 0.43 | 0.46 | 74 | S&P 500 | BFLY vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BFLY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BFLY and solid risk/return profiles. The least correlated is Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of -0.12, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.12 | 0.03 | 0.07 | 66 | Consumer Defensive | |
| EchoStar Corporation | 0.20 | 0.22 | 0.24 | 99 | Technology | |
| Astrana Health Inc | 0.27 | 0.31 | 0.37 | 65 | Healthcare |
Build a portfolio that complements BFLY
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