Looking to balance out your exposure to BMRN? The ETFs below have historically moved differently from BMRN, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for BMRN
3 ETFs have low correlation with BMRN (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.11, down from 0.35 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.11 | 0.23 | 0.35 | 72 | S&P 500 | BMRN vs VOO | |
| iShares MSCI ACWI ETF | 0.12 | 0.25 | 0.36 | 70 | Global Equities | BMRN vs ACWI | |
| iShares Russell 2000 ETF | 0.23 | 0.32 | 0.42 | 76 | Small Cap Blend Equities | BMRN vs IWM |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BMRN, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.11, down from 0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.11 | -0.02 | 0.07 | 72 | Energy | |
| NVIDIA Corporation | -0.07 | 0.04 | 0.21 | 63 | Technology | |
| Broadcom Inc. | -0.07 | 0.01 | 0.15 | 70 | Technology | |
| Advanced Micro Devices, Inc. | -0.04 | 0.05 | 0.19 | 93 | Technology | |
| Arista Networks, Inc. | -0.04 | 0.03 | 0.17 | 77 | Technology |
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