Looking to balance out your exposure to BIDU? The ETFs below have the lowest correlation with BIDU — they tend to move on their own, which can help reduce risk when BIDU drops. The stock ideas table highlights individual companies that behave independently from BIDU.
Best Diversifiers for BIDU
7 ETFs have low correlation with BIDU (below 0.3), 0 of which are negatively correlated. The least correlated is iShares 1-3 Year Treasury Bond ETF (SHY) (Government Bonds) with a 1Y correlation of 0.13, roughly unchanged from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 1-3 Year Treasury Bond ETF | 0.13 | 0.09 | 0.05 | 72 | Government Bonds, Short-Term Bond | BIDU vs SHY | |
| Vanguard High Dividend Yield ETF | 0.17 | 0.26 | 0.29 | 75 | Dividend | BIDU vs VYM | |
| Convergence Long/Short Equity ETF | 0.25 | 0.20 | — | 95 | Long-Short, Actively Managed | BIDU vs CLSE | |
| iShares Russell 2000 ETF | 0.26 | 0.31 | 0.37 | 67 | Small Cap Blend Equities | BIDU vs IWM | |
| WisdomTree BioRevolution Fund | 0.28 | 0.35 | 0.41 | 66 | Health & Biotech Equities | BIDU vs WDNA |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BIDU, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BIDU and solid risk/return profiles. The least correlated is Chubb Limited (CB) (Financial Services) with a 1Y correlation of -0.23, down from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chubb Limited | -0.23 | -0.05 | 0.02 | 69 | Financial Services | |
| Altria Group, Inc. | -0.19 | -0.02 | 0.03 | 72 | Consumer Defensive | |
| The Coca-Cola Company | -0.16 | 0.00 | 0.03 | 74 | Consumer Defensive | |
| Verizon Communications Inc. | -0.10 | 0.04 | 0.05 | 66 | Communication Services | |
| PepsiCo, Inc. | -0.08 | 0.02 | 0.02 | 61 | Consumer Defensive |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements BIDU
Add BIDU to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with BIDU