Looking to balance out your exposure to BRKR? The ETFs below have the lowest correlation with BRKR — they tend to move on their own, which can help reduce risk when BRKR drops. The stock ideas table highlights individual companies that behave independently from BRKR.
Best Diversifiers for BRKR
0 ETFs have low correlation with BRKR (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.38, down from 0.49 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.38 | 0.40 | 0.49 | 70 | S&P 500 | BRKR vs SPY | |
| Vanguard S&P 500 ETF | 0.39 | 0.40 | 0.49 | 70 | S&P 500 | BRKR vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BRKR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BRKR and solid risk/return profiles. The least correlated is Valaris Limited (VAL) (Energy) with a 1Y correlation of 0.05, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Valaris Limited | 0.05 | 0.13 | 0.15 | 91 | Energy | |
| Alphabet Inc. Class A | 0.17 | 0.18 | 0.30 | 96 | Communication Services | |
| Baidu, Inc. | 0.17 | 0.20 | 0.26 | 72 | Communication Services | |
| Rigetti Computing Inc | 0.17 | 0.23 | 0.21 | 68 | Technology | |
| Deutsche Post AG | 0.26 | 0.26 | 0.26 | 78 | Industrials |
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