Looking to balance out your exposure to BRY? The ETFs below have historically moved differently from BRY, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for BRY
2 ETFs have low correlation with BRY (below 0.3), 0 of which are negatively correlated. The least correlated is JPMorgan BetaBuilders U.S. Equity ETF (BBUS) (Large Cap Blend Equities) with a 1Y correlation of 0.07, down from 0.28 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan BetaBuilders U.S. Equity ETF | 0.07 | 0.17 | 0.28 | 63 | Large Cap Blend Equities | BRY vs BBUS | |
| Vanguard S&P 500 ETF | 0.07 | 0.17 | 0.28 | 68 | S&P 500 | BRY vs VOO |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BRY, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.04, roughly unchanged from 0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.04 | -0.01 | 0.05 | 90 | Consumer Defensive | |
| Orchid Island Capital, Inc. | 0.04 | 0.16 | 0.22 | 61 | Real Estate | |
| AGNC Investment Corp. | 0.05 | 0.15 | 0.22 | 79 | Real Estate | |
| Ellington Financial Inc. | 0.07 | 0.19 | 0.26 | 71 | Real Estate | |
| CNX Resources Corporation | 0.22 | 0.31 | 0.44 | 62 | Energy |
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