Looking to balance out your exposure to BHV? The ETFs below have the lowest correlation with BHV — they tend to move on their own, which can help reduce risk when BHV drops. The stock ideas table highlights individual companies that behave independently from BHV.
Best Diversifiers for BHV
2 ETFs have low correlation with BHV (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 0.15, roughly unchanged from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.15 | 0.18 | 0.16 | 70 | S&P 500 | BHV vs SPY | |
| Vanguard S&P 500 ETF | 0.15 | 0.18 | 0.16 | 70 | S&P 500 | BHV vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BHV, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BHV and solid risk/return profiles. The least correlated is Eagle Point Credit Company Inc. (ECCC) (Financial Services) with a 1Y correlation of 0.06, roughly unchanged from 0.06 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eagle Point Credit Company Inc. | 0.06 | 0.06 | — | 81 | Financial Services |
Build a portfolio that complements BHV
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