Looking to balance out your exposure to BIIB? The ETFs below have historically moved differently from BIIB, 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 BIIB
5 ETFs have low correlation with BIIB (below 0.3), 0 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs Nasdaq-100 Core Premium Income ETF | 0.01 | — | — | 65 | Nasdaq-100, Dividend | BIIB vs GPIQ | |
| Vanguard S&P 500 ETF | 0.07 | 0.26 | 0.38 | 72 | S&P 500 | BIIB vs VOO | |
| ProShares UltraPro S&P 500 | 0.08 | 0.26 | 0.38 | 59 | Leveraged Equities, S&P 500 | BIIB vs UPRO | |
| State Street SPDR S&P 500 ETF | 0.08 | 0.26 | 0.37 | 72 | S&P 500 | BIIB vs SPY | |
| Vanguard High Dividend Yield ETF | 0.20 | 0.39 | 0.43 | 90 | Dividend | BIIB vs VYM |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BIIB, 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 NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.12, down from 0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.12 | 0.00 | 0.16 | 59 | Technology | |
| Hewlett Packard Enterprise Company | -0.07 | 0.11 | 0.20 | 96 | Technology | |
| The Bank of New York Mellon Corporation | -0.06 | 0.14 | 0.23 | 95 | Financial Services | |
| Taiwan Semiconductor Manufacturing Company Limited | -0.06 | 0.07 | 0.18 | 88 | Technology | |
| Monolithic Power Systems, Inc. | -0.04 | 0.13 | 0.24 | 77 | Technology |
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