Looking to balance out your exposure to BRSL? The ETFs below have the lowest correlation with BRSL — they tend to move on their own, which can help reduce risk when BRSL drops. The stock ideas table highlights individual companies that behave independently from BRSL.
No Diversifiers Found for BRSL
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 BRSL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BRSL and solid risk/return profiles. The least correlated is BP p.l.c. (BP) (Energy) with a 1Y correlation of 0.02, down from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BP p.l.c. | 0.02 | 0.13 | 0.27 | 88 | Energy | |
| Navigator Holdings Ltd. | 0.16 | 0.21 | 0.28 | 87 | Energy | |
| Global Ship Lease, Inc. | 0.19 | 0.21 | 0.30 | 87 | Industrials | |
| Manchester United plc | 0.27 | 0.23 | 0.26 | 79 | Communication Services | |
| Rentokil Initial PLC | 0.27 | 0.33 | 0.28 | 70 | Industrials |
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