Looking to balance out your exposure to BTE? The ETFs below have historically moved differently from BTE, 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 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 -0.05, down from 0.24 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | -0.05 | 0.12 | 0.24 | 72 | S&P 500 | BTE vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BTE, 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 AxoGen, Inc. (AXGN) (Healthcare) with a 1Y correlation of -0.01, down from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AxoGen, Inc. | -0.01 | 0.08 | 0.12 | 99 | Healthcare | |
| Jazz Pharmaceuticals plc | 0.01 | 0.07 | 0.17 | 98 | Healthcare | |
| Okeanis Eco Tankers Corp | 0.16 | 0.29 | 0.29 | 98 | Industrials | |
| Humana Inc. | 0.18 | 0.04 | 0.10 | 69 | Healthcare | |
| Navigator Holdings Ltd. | 0.22 | 0.34 | 0.42 | 77 | Energy |
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