Looking to balance out your exposure to BLZE? The ETFs below have the lowest correlation with BLZE — they tend to move on their own, which can help reduce risk when BLZE drops. The stock ideas table highlights individual companies that behave independently from BLZE.
Best Diversifiers for BLZE
1 ETFs have low correlation with BLZE (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Core U.S. REIT ETF (USRT) (REIT) with a 1Y correlation of 0.06, roughly unchanged from 0.16 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core U.S. REIT ETF | 0.06 | 0.16 | — | 68 | REIT | BLZE vs USRT | |
| Vanguard S&P 500 ETF | 0.40 | 0.41 | — | 66 | S&P 500 | BLZE vs VOO | |
| State Street Technology Select Sector SPDR ETF | 0.42 | 0.40 | — | 54 | Technology Equities | BLZE vs XLK | |
| Vanguard Information Technology ETF | 0.44 | 0.43 | — | 50 | Technology Equities | BLZE vs VGT |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BLZE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BLZE and solid risk/return profiles. The least correlated is TechnipFMC plc (FTI) (Energy) with a 1Y correlation of 0.07, roughly unchanged from 0.12 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| TechnipFMC plc | 0.07 | 0.12 | — | 97 | Energy | |
| Teva Pharmaceutical Industries Limited | 0.13 | 0.19 | — | 95 | Healthcare | |
| JPMorgan Chase & Co. | 0.14 | 0.19 | — | 71 | Financial Services | |
| Guardant Health, Inc. | 0.16 | 0.23 | — | 97 | Healthcare | |
| Vir Biotechnology, Inc. | 0.17 | 0.26 | — | 79 | Healthcare |
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