Looking to balance out your exposure to BIDU? The ETFs below have historically moved differently from BIDU, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for BIDU
16 ETFs have low correlation with BIDU (below 0.3), 2 of which are negatively correlated. The least correlated is State Street Energy Select Sector SPDR ETF (XLE) (Energy Equities) with a 1Y correlation of -0.06, down from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Energy Select Sector SPDR ETF | -0.06 | 0.06 | 0.13 | 75 | Energy Equities | BIDU vs XLE | |
| Schwab U.S. Dividend Equity ETF | -0.01 | 0.19 | 0.25 | 95 | Dividend | BIDU vs SCHD | |
| State Street Health Care Select Sector SPDR ETF | 0.03 | 0.14 | 0.18 | 68 | Health & Biotech Equities | BIDU vs XLV | |
| Franklin International Low Volatility High Dividen... | 0.05 | 0.24 | 0.29 | 97 | Dividend, Low Volatility | BIDU vs LVHI | |
| iShares 1-3 Year Treasury Bond ETF | 0.12 | 0.07 | 0.05 | 83 | Government Bonds, Short-Term Bond | BIDU vs SHY |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BIDU, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Arch Capital Group Ltd. (ACGL) (Financial Services) with a 1Y correlation of -0.27, down from 0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Arch Capital Group Ltd. | -0.27 | -0.05 | 0.02 | 65 | Financial Services | |
| CNA Financial Corporation | -0.24 | -0.02 | 0.07 | 81 | Financial Services | |
| Chubb Limited | -0.22 | -0.04 | 0.03 | 87 | Financial Services | |
| Altria Group, Inc. | -0.22 | -0.03 | 0.02 | 66 | Consumer Defensive | |
| The Hartford Financial Services Group, Inc. | -0.20 | -0.02 | 0.08 | 72 | Financial Services |
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