Looking to balance out your exposure to BORR? The ETFs below have the lowest correlation with BORR — they tend to move on their own, which can help reduce risk when BORR drops. The stock ideas table highlights individual companies that behave independently from BORR.
Best Diversifiers for BORR
2 ETFs have low correlation with BORR (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Silver Trust (SLV) (Silver) with a 1Y correlation of 0.20, roughly unchanged from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Silver Trust | 0.20 | 0.22 | 0.24 | 51 | Silver, Precious Metals | BORR vs SLV | |
| State Street SPDR S&P 500 ETF | 0.25 | 0.27 | 0.28 | 74 | S&P 500 | BORR vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BORR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BORR and solid risk/return profiles. The least correlated is NIO Inc. (NIO) (Consumer Cyclical) with a 1Y correlation of -0.01, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NIO Inc. | -0.01 | 0.12 | 0.16 | 65 | Consumer Cyclical | |
| Ford Motor Company | 0.11 | 0.20 | 0.26 | 81 | Consumer Cyclical | |
| Sibanye Stillwater Limited | 0.13 | 0.21 | 0.23 | 74 | Basic Materials | |
| CRISPR Therapeutics AG | 0.14 | 0.16 | 0.15 | 64 | Healthcare | |
| Cleveland-Cliffs Inc. | 0.21 | 0.27 | 0.30 | 74 | Basic Materials |
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