Looking to balance out your exposure to BRY? The ETFs below have the lowest correlation with BRY — they tend to move on their own, which can help reduce risk when BRY drops. The stock ideas table highlights individual companies that behave independently from BRY.
Best Diversifiers for BRY
3 ETFs have low correlation with BRY (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR Portfolio S&P 500 Growth ETF (SPYG) (S&P 500) with a 1Y correlation of 0.02, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR Portfolio S&P 500 Growth ETF | 0.02 | 0.11 | 0.21 | 57 | S&P 500, Large Cap Growth Equities | BRY vs SPYG | |
| JP Morgan Betabuilders U.S. Equity ETF | 0.05 | 0.18 | 0.28 | 68 | Large Cap Growth Equities | BRY vs BBUS | |
| Vanguard S&P 500 ETF | 0.06 | 0.18 | 0.29 | 70 | S&P 500 | BRY vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BRY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BRY and solid risk/return profiles. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.06, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.06 | -0.02 | 0.05 | 66 | Consumer Defensive | |
| Orchid Island Capital, Inc. | 0.06 | 0.16 | 0.23 | 61 | Real Estate | |
| Ellington Financial Inc. | 0.07 | 0.20 | 0.27 | 69 | Real Estate | |
| AGNC Investment Corp. | 0.08 | 0.15 | 0.23 | 76 | Real Estate |
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