Looking to balance out your exposure to BIIB? The ETFs below have the lowest correlation with BIIB — they tend to move on their own, which can help reduce risk when BIIB drops. The stock ideas table highlights individual companies that behave independently from BIIB.
Best Diversifiers for BIIB
5 ETFs have low correlation with BIIB (below 0.3), 0 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs Nasdaq-100 Core Premium Income ETF | 0.02 | — | — | 73 | Nasdaq-100, Dividend | BIIB vs GPIQ | |
| State Street SPDR S&P 500 ETF | 0.10 | 0.27 | 0.38 | 66 | S&P 500 | BIIB vs SPY | |
| Vanguard S&P 500 ETF | 0.10 | 0.27 | 0.38 | 67 | S&P 500 | BIIB vs VOO | |
| ProShares UltraPro S&P 500 | 0.11 | 0.27 | 0.38 | 52 | Leveraged Equities, S&P 500 | BIIB vs UPRO | |
| Vanguard High Dividend Yield ETF | 0.21 | 0.38 | 0.43 | 82 | Dividend | BIIB vs VYM |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BIIB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BIIB and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.09, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.09 | 0.01 | 0.17 | 70 | Technology | |
| Taiwan Semiconductor Manufacturing Company Limited | -0.03 | 0.08 | 0.19 | 92 | Technology | |
| Snowflake Inc. | 0.00 | 0.11 | 0.21 | 61 | Technology | |
| The Southern Company | 0.01 | 0.16 | 0.20 | 58 | Utilities | |
| Robinhood Markets, Inc. | 0.01 | 0.11 | 0.21 | 52 | Financial Services |
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Build a portfolio that complements BIIB
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