Looking to balance out your exposure to BHE? The ETFs below have the lowest correlation with BHE — they tend to move on their own, which can help reduce risk when BHE drops. The stock ideas table highlights individual companies that behave independently from BHE.
No Diversifiers Found for BHE
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 BHE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BHE and solid risk/return profiles. The least correlated is ConocoPhillips Company (COP) (Energy) with a 1Y correlation of 0.05, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | 0.05 | 0.16 | 0.23 | 76 | Energy | |
| Celestica Inc. | 0.54 | 0.52 | 0.54 | 94 | Technology | |
| EMCOR Group, Inc. | 0.56 | 0.55 | 0.56 | 83 | Industrials | |
| KLA Corporation | 0.61 | 0.55 | 0.54 | 95 | Technology | |
| Jabil Inc. | 0.70 | 0.64 | 0.65 | 92 | Technology |
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