Looking to balance out your exposure to BHVN? The ETFs below have the lowest correlation with BHVN — they tend to move on their own, which can help reduce risk when BHVN drops. The stock ideas table highlights individual companies that behave independently from BHVN.
Best Diversifiers for BHVN
1 ETFs have low correlation with BHVN (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 0.27, roughly unchanged from 0.34 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.27 | 0.34 | — | 70 | S&P 500 | BHVN vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BHVN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BHVN and solid risk/return profiles. The least correlated is CrowdStrike Holdings, Inc. (CRWD) (Technology) with a 1Y correlation of 0.03, down from 0.20 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CrowdStrike Holdings, Inc. | 0.03 | 0.20 | — | 70 | Technology |
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