Looking to balance out your exposure to BTU? The ETFs below have historically moved differently from BTU, 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 BTU
4 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 0.10, roughly unchanged from 0.18 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 | 0.10 | 0.15 | 0.18 | 78 | S&P 500 | BTU vs SPY | |
| Vanguard S&P 500 ETF | 0.10 | 0.15 | 0.19 | 78 | S&P 500 | BTU vs VOO | |
| Invesco QQQ ETF | 0.12 | 0.13 | 0.14 | 58 | Nasdaq-100 | BTU vs QQQ | |
| iShares MSCI Brazil ETF | 0.20 | 0.20 | 0.26 | 64 | Latin America Equities | BTU vs EWZ | |
| SPDR S&P Oil & Gas Exploration & Production ETF | 0.31 | 0.35 | 0.45 | 60 | Energy Equities | BTU vs XOP |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BTU, 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 Essent Group Ltd. (ESNT) (Financial Services) with a 1Y correlation of -0.16, down from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Essent Group Ltd. | -0.16 | 0.06 | 0.11 | 69 | Financial Services | |
| Zurn Water Solutions Corporation | -0.03 | 0.09 | 0.16 | 62 | Utilities | |
| Frontline Ltd. | -0.01 | 0.13 | 0.23 | 96 | Industrials | |
| DHT Holdings, Inc. | 0.00 | 0.13 | 0.23 | 92 | Industrials | |
| PulteGroup, Inc. | 0.03 | 0.09 | 0.11 | 55 | Consumer Cyclical |
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