Looking to balance out your exposure to BHC? The ETFs below have the lowest correlation with BHC — they tend to move on their own, which can help reduce risk when BHC drops. The stock ideas table highlights individual companies that behave independently from BHC.
No Diversifiers Found for BHC
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 BHC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BHC and solid risk/return profiles. The least correlated is Gilead Sciences, Inc. (GILD) (Healthcare) with a 1Y correlation of 0.10, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Gilead Sciences, Inc. | 0.10 | 0.18 | 0.21 | 63 | Healthcare | |
| Aveanna Healthcare Holdings Inc. | 0.11 | 0.18 | 0.25 | 54 | Healthcare | |
| Equinox Gold Corp. | 0.13 | 0.10 | 0.13 | 69 | Basic Materials | |
| Madrigal Pharmaceuticals, Inc. | 0.14 | 0.21 | 0.27 | 79 | Healthcare | |
| IAMGOLD Corporation | 0.14 | 0.09 | 0.11 | 84 | Basic Materials |
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