Bodycote plc (BOY.L) Diversifiers

Equity · Currency in GBp · Last updated Jul 21, 2026

Bodycote plc provides heat treatment and thermal processing services worldwide. It operates in two Aerospace, Defence & Energy; and Automotive & General Industrial segments. The company offers heat treatment services, including altering the microstructure of metals and alloys, such as steel and aluminum to impart properties comprising surface hardness, temperature resistance, ductility, and strength; metal joining services consisting of electron beam welding, HIP diffusion bonding, hydrogen brazing, induction brazing, and vacuum and honeycomb brazing; and hot isostatic pressing (HIP) services, including isostatic pressing and HIP supporting services, as well as Powdermet technology, a manufacturing process used in the production of complex components using powder metallurgy. It also provides surface technologies, which are used to prolong the working life of components and protect from environmental factors, such as corrosion and abrasion. The company's surface technologies include anodising, flame and combustion spraying, high velocity oxygen fuel coatings, plasma spray, electric arc wire, vapor phase aluminide, liquid and ceramic coatings, and thermo-chemically formed ceramic coatings to enhance corrosion protection and wear resistance. It serves automotive, aerospace and defense, energy, and general industrial markets. The company was founded in 1923 and is headquartered in Macclesfield, the United Kingdom.

Looking to balance out your exposure to BOY.L? The ETFs below have the lowest correlation with BOY.L — they tend to move on their own, which can help reduce risk when BOY.L drops. The stock ideas table highlights individual companies that behave independently from BOY.L.

No Diversifiers Found for BOY.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 BOY.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BOY.L and solid risk/return profiles. The least correlated is EasyJet plc (EZJ.L) (Industrials) with a 1Y correlation of 0.38, roughly unchanged from 0.39 over 5 years.

Symbol	Name	Correlation 1Y	Correlation 3Y	Correlation 5Y	Risk / Return Rank	Sector
EZJ.L	EasyJet plc	0.38	0.32	0.39	72	Industrials

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