Looking to balance out your exposure to BSY? The ETFs below have the lowest correlation with BSY — they tend to move on their own, which can help reduce risk when BSY drops. The stock ideas table highlights individual companies that behave independently from BSY.
Best Diversifiers for BSY
3 ETFs have low correlation with BSY (below 0.3), 0 of which are negatively correlated. The least correlated is Industrial Select Sector SPDR Fund (XLI) (Industrials Equities) with a 1Y correlation of 0.12, down from 0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Industrial Select Sector SPDR Fund | 0.12 | 0.38 | 0.45 | 50 | Industrials Equities | BSY vs XLI | |
| Invesco QQQ ETF | 0.27 | 0.44 | 0.58 | 59 | Nasdaq-100 | BSY vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.30 | 0.47 | 0.57 | 60 | S&P 500 | BSY vs SPY | |
| Vanguard Total Stock Market ETF | 0.32 | 0.48 | 0.58 | 60 | Large Cap Blend Equities | BSY vs VTI |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BSY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BSY and solid risk/return profiles. The least correlated is Atmos Energy Corporation (ATO) (Utilities) with a 1Y correlation of -0.10, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Atmos Energy Corporation | -0.10 | 0.07 | 0.09 | 64 | Utilities | |
| Eli Lilly and Company | -0.03 | 0.08 | 0.14 | 75 | Healthcare | |
| Rambus Inc. | 0.13 | 0.35 | 0.39 | 79 | Technology | |
| Ralph Lauren Corporation | 0.17 | 0.31 | 0.37 | 83 | Consumer Cyclical | |
| Brookfield Infrastructure Partners LP | 0.18 | 0.30 | 0.32 | 68 | Utilities |
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