Looking to balance out your exposure to BLDE? The ETFs below have the lowest correlation with BLDE — they tend to move on their own, which can help reduce risk when BLDE drops. The stock ideas table highlights individual companies that behave independently from BLDE.
Best Diversifiers for BLDE
1 ETFs have low correlation with BLDE (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.14, down from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.14 | 0.35 | 0.37 | 74 | S&P 500 | BLDE vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BLDE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BLDE and solid risk/return profiles. The least correlated is Joby Aviation, Inc. (JOBY) (Industrials) with a 1Y correlation of 0.16, down from 0.43 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Joby Aviation, Inc. | 0.16 | 0.43 | — | 59 | Industrials |
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