Looking to balance out your exposure to BRP? The ETFs below have the lowest correlation with BRP — they tend to move on their own, which can help reduce risk when BRP drops. The stock ideas table highlights individual companies that behave independently from BRP.
Best Diversifiers for BRP
1 ETFs have low correlation with BRP (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 0.08, down from 0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.08 | 0.25 | 0.42 | 70 | S&P 500 | BRP vs SPY |
Diversification Analysis
Build a portfolio that complements BRP
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