Looking to balance out your exposure to BTU? The ETFs below have the lowest correlation with BTU — they tend to move on their own, which can help reduce risk when BTU drops. The stock ideas table highlights individual companies that behave independently from BTU.
Best Diversifiers for BTU
3 ETFs have low correlation with BTU (below 0.3), 0 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 0.08, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.08 | 0.14 | 0.19 | 66 | S&P 500 | BTU vs SPY | |
| Invesco QQQ ETF | 0.08 | 0.11 | 0.14 | 61 | Nasdaq-100 | BTU vs QQQ | |
| Vanguard S&P 500 ETF | 0.08 | 0.14 | 0.19 | 67 | S&P 500 | BTU vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BTU, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BTU and solid risk/return profiles. The least correlated is Essent Group Ltd. (ESNT) (Financial Services) with a 1Y correlation of -0.11, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Essent Group Ltd. | -0.11 | 0.07 | 0.12 | 67 | Financial Services | |
| Ultragenyx Pharmaceutical Inc. | -0.04 | 0.03 | 0.05 | 52 | Healthcare | |
| Zurn Water Solutions Corporation | -0.02 | 0.10 | 0.17 | 75 | Utilities | |
| DHT Holdings, Inc. | -0.00 | 0.13 | 0.23 | 91 | Energy | |
| Frontline Ltd. | 0.02 | 0.14 | 0.24 | 95 | Energy |
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