Looking to balance out your exposure to BIO? The ETFs below have the lowest correlation with BIO — they tend to move on their own, which can help reduce risk when BIO drops. The stock ideas table highlights individual companies that behave independently from BIO.
Best Diversifiers for BIO
0 ETFs have low correlation with BIO (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.33, down from 0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.33 | 0.37 | 0.46 | 70 | S&P 500 | BIO vs VOO | |
| State Street SPDR S&P 500 ETF | 0.34 | 0.38 | 0.46 | 70 | S&P 500 | BIO vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BIO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BIO and solid risk/return profiles. The least correlated is TC Energy Corporation (TRP) (Energy) with a 1Y correlation of -0.16, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| TC Energy Corporation | -0.16 | 0.06 | 0.14 | 87 | Energy | |
| British American Tobacco p.l.c. | -0.06 | 0.11 | 0.12 | 77 | Consumer Defensive | |
| Johnson & Johnson | 0.07 | 0.17 | 0.21 | 92 | Healthcare | |
| CVS Health Corporation | 0.09 | 0.18 | 0.19 | 80 | Healthcare | |
| Oklo Inc. | 0.09 | 0.11 | — | 52 | Utilities |
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