Looking to balance out your exposure to BIOX? The ETFs below have the lowest correlation with BIOX — they tend to move on their own, which can help reduce risk when BIOX drops. The stock ideas table highlights individual companies that behave independently from BIOX.
Best Diversifiers for BIOX
3 ETFs have low correlation with BIOX (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco Emerging Markets Sovereign Debt ETF (PCY) (Emerging Markets Bonds) with a 1Y correlation of 0.16, roughly unchanged from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Emerging Markets Sovereign Debt ETF | 0.16 | 0.18 | 0.14 | 59 | Emerging Markets Bonds | BIOX vs PCY | |
| iShares MSCI Emerging Markets ETF | 0.22 | 0.26 | 0.24 | 55 | Emerging Markets Diversified | BIOX vs EEM | |
| State Street SPDR S&P 500 ETF | 0.24 | 0.25 | 0.25 | 65 | S&P 500 | BIOX vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BIOX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BIOX and solid risk/return profiles. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.09, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.09 | -0.00 | 0.05 | 84 | Consumer Defensive | |
| Occidental Petroleum Corporation | 0.07 | 0.13 | 0.17 | 67 | Energy | |
| REX American Resources Corporation | 0.09 | 0.17 | 0.18 | 92 | Basic Materials | |
| Sociedad Química y Minera de Chile S.A. | 0.12 | 0.22 | 0.24 | 85 | Basic Materials | |
| Telefônica Brasil S.A. | 0.13 | 0.14 | 0.15 | 72 | Communication Services |
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