PortfoliosLab logoPortfoliosLab logo

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.

Best Diversifiers for BMY.L

1 ETFs have low correlation with BMY.L (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco S&P 500 UCITS ETF (SPXP.L) (S&P 500) with a 1Y correlation of 0.19, roughly unchanged from 0.21 over 5 years.


SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
Invesco S&P 500 UCITS ETF0.190.230.21
83
S&P 500BMY.L vs SPXP.L

Rows per page

1–1 of 1

Diversification Analysis

Build a portfolio that complements BMY.L

Add BMY.L to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

Analyze a portfolio with BMY.L