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
8 ETFs have low correlation with BIDU (below 0.3), 1 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 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Energy Select Sector SPDR ETF | -0.06 | 0.08 | 0.14 | 63 | Energy Equities | BIDU vs XLE | |
| iShares 1-3 Year Treasury Bond ETF | 0.10 | 0.08 | 0.05 | 79 | Government Bonds, Short-Term Bond | BIDU vs SHY | |
| Vanguard High Dividend Yield ETF | 0.14 | 0.25 | 0.28 | 77 | Dividend | BIDU vs VYM | |
| Convergence Long/Short Equity ETF | 0.23 | 0.20 | — | 95 | Long-Short | BIDU vs CLSE | |
| WisdomTree BioRevolution Fund | 0.27 | 0.34 | 0.41 | 57 | Health & Biotech Equities | BIDU vs WDNA |
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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 -0.22, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chubb Limited | -0.22 | -0.03 | 0.04 | 51 | Financial Services | |
| Altria Group, Inc. | -0.18 | -0.01 | 0.03 | 69 | Consumer Defensive | |
| The Coca-Cola Company | -0.13 | 0.01 | 0.04 | 66 | Consumer Defensive | |
| Verizon Communications Inc. | -0.10 | 0.04 | 0.05 | 59 | Communication Services | |
| Coca-Cola Consolidated, Inc. | -0.08 | -0.01 | 0.07 | 80 | Consumer Defensive |
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