Looking to balance out your exposure to BURL? The ETFs below have the lowest correlation with BURL — they tend to move on their own, which can help reduce risk when BURL drops. The stock ideas table highlights individual companies that behave independently from BURL.
Best Diversifiers for BURL
1 ETFs have low correlation with BURL (below 0.3), 0 of which are negatively correlated. The least correlated is iShares U.S. Technology ETF (IYW) (Technology Equities) with a 1Y correlation of 0.30, down from 0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares U.S. Technology ETF | 0.30 | 0.36 | 0.40 | 76 | Technology Equities | BURL vs IYW | |
| Vanguard S&P 500 ETF | 0.40 | 0.47 | 0.48 | 74 | S&P 500 | BURL vs VOO | |
| State Street SPDR S&P 500 ETF | 0.40 | 0.47 | 0.48 | 74 | S&P 500 | BURL vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BURL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BURL and solid risk/return profiles. The least correlated is Everpure, Inc. (P) (Technology) with a 1Y correlation of 0.25, roughly unchanged from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Everpure, Inc. | 0.25 | 0.29 | 0.33 | 63 | Technology | |
| Macy's, Inc. | 0.40 | 0.46 | 0.52 | 89 | Consumer Cyclical | |
| The TJX Companies, Inc. | 0.42 | 0.46 | 0.57 | 79 | Consumer Cyclical | |
| Ross Stores, Inc. | 0.57 | 0.60 | 0.67 | 94 | Consumer Cyclical |
Build a portfolio that complements BURL
Add BURL to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with BURL