Looking to balance out your exposure to BTE? The ETFs below have the lowest correlation with BTE — they tend to move on their own, which can help reduce risk when BTE drops. The stock ideas table highlights individual companies that behave independently from BTE.
Best Diversifiers for BTE
1 ETFs have low correlation with BTE (below 0.3), 1 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 -0.04, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | -0.04 | 0.13 | 0.24 | 70 | S&P 500 | BTE vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BTE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BTE and solid risk/return profiles. The least correlated is AxoGen, Inc. (AXGN) (Healthcare) with a 1Y correlation of 0.01, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AxoGen, Inc. | 0.01 | 0.09 | 0.13 | 98 | Healthcare | |
| Jazz Pharmaceuticals plc | 0.02 | 0.09 | 0.18 | 98 | Healthcare | |
| Humana Inc. | 0.15 | 0.04 | 0.09 | 82 | Healthcare | |
| Okeanis Eco Tankers Corp | 0.21 | 0.30 | 0.30 | 98 | Industrials | |
| Navigator Holdings Ltd. | 0.25 | 0.35 | 0.42 | 80 | Energy |
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