Looking to balance out your exposure to BLMN? The ETFs below have the lowest correlation with BLMN — they tend to move on their own, which can help reduce risk when BLMN drops. The stock ideas table highlights individual companies that behave independently from BLMN.
Best Diversifiers for BLMN
1 ETFs have low correlation with BLMN (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 0.29, roughly unchanged from 0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.29 | 0.29 | 0.38 | 70 | S&P 500 | BLMN vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BLMN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BLMN and solid risk/return profiles. The least correlated is ConocoPhillips Company (COP) (Energy) with a 1Y correlation of 0.04, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | 0.04 | 0.12 | 0.15 | 76 | Energy |
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