Looking to balance out your exposure to BIRK? The ETFs below have the lowest correlation with BIRK — they tend to move on their own, which can help reduce risk when BIRK drops. The stock ideas table highlights individual companies that behave independently from BIRK.
Best Diversifiers for BIRK
3 ETFs have low correlation with BIRK (below 0.3), 0 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | 0.19 | — | — | 96 | Semiconductors, Technology Equities | BIRK vs SMH | |
| Fidelity MSCI Information Technology Index ETF | 0.24 | — | — | 77 | Technology Equities | BIRK vs FTEC | |
| Invesco QQQ ETF | 0.26 | — | — | 73 | Nasdaq-100 | BIRK vs QQQ | |
| Direxion Daily S&P 500 Bull 3X ETF | 0.37 | — | — | 63 | Leveraged Equities, S&P 500 | BIRK vs SPXL | |
| Vanguard S&P 500 ETF | 0.38 | 0.42 | 0.42 | 70 | S&P 500 | BIRK vs VOO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BIRK, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BIRK and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cisco Systems, Inc. | 0.14 | — | — | 95 | Technology | |
| Anheuser-Busch InBev SA/NV | 0.25 | 0.21 | 0.21 | 54 | Consumer Defensive | |
| GlaxoSmithKline plc | 0.26 | 0.19 | 0.19 | 68 | Healthcare | |
| NatWest Group plc | 0.28 | 0.28 | 0.28 | 54 | Financial Services | |
| Barclays PLC | 0.32 | 0.32 | 0.32 | 73 | Financial Services |
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