Looking to balance out your exposure to BMY.L? The ETFs below have the lowest correlation with BMY.L — they tend to move on their own, which can help reduce risk when BMY.L drops. The stock ideas table highlights individual companies that behave independently from BMY.L.
No Diversifiers Found for BMY.L
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BMY.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BMY.L and solid risk/return profiles. The least correlated is InterContinental Hotels Group plc (IHG.L) (Consumer Cyclical) with a 1Y correlation of 0.13, roughly unchanged from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| InterContinental Hotels Group plc | 0.13 | 0.18 | 0.17 | 85 | Consumer Cyclical |
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