Looking to balance out your exposure to BMRN? The ETFs below have the lowest correlation with BMRN — they tend to move on their own, which can help reduce risk when BMRN drops. The stock ideas table highlights individual companies that behave independently from BMRN.
Best Diversifiers for BMRN
2 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 0.22, down from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.22 | 0.27 | 0.37 | 70 | S&P 500 | BMRN vs VOO | |
| iShares MSCI ACWI ETF | 0.23 | 0.29 | 0.38 | 66 | Global Equities | BMRN vs ACWI | |
| iShares Russell 2000 ETF | 0.30 | 0.32 | 0.43 | 62 | Small Cap Blend Equities | BMRN vs IWM |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BMRN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BMRN and solid risk/return profiles. The least correlated is Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.05, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.05 | -0.00 | 0.08 | 83 | Energy | |
| Monster Beverage Corporation | 0.00 | 0.12 | 0.21 | 79 | Consumer Defensive | |
| Broadcom Inc. | 0.01 | 0.05 | 0.18 | 84 | Technology | |
| Chord Energy Corp | 0.03 | 0.04 | 0.11 | 75 | Energy | |
| Advanced Micro Devices, Inc. | 0.03 | 0.08 | 0.21 | 98 | Technology |
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