Baytex Energy Corp (BTE) Diversifiers

Equity · Currency in USD · Last updated Jun 25, 2026

Baytex Energy Corp., an energy company, engages in the acquisition, development, and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford, the United States. The company offers light oil and condensate, heavy oil, natural gas liquids, and natural gas. It holds interest in the Eagle Ford property in Texas; Viking and Lloydminster properties in Alberta and Saskatchewan; and Peace River and Duvernay properties in Alberta. Baytex Energy Corp. was founded in 1993 and is headquartered in Calgary, Canada.

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 0.25 over 5 years.

Symbol	Name	Correlation 1Y	Correlation 3Y	Correlation 5Y	Risk / Return Rank	Category	Compare
SPY	State Street SPDR S&P 500 ETF	-0.04	0.14	0.25	63	S&P 500	BTE vs SPY

Diversification Analysis

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