Looking to balance out your exposure to BURL? The ETFs below have historically moved differently from BURL, 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 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 0.25, down from 0.39 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares U.S. Technology ETF | 0.25 | 0.35 | 0.39 | 51 | Technology Equities | BURL vs IYW | |
| State Street SPDR S&P 500 ETF | 0.35 | 0.45 | 0.47 | 67 | S&P 500 | BURL vs SPY | |
| Vanguard S&P 500 ETF | 0.36 | 0.45 | 0.48 | 68 | S&P 500 | BURL vs VOO |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BURL, 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 Tenet Healthcare Corporation (THC) (Healthcare) with a 1Y correlation of 0.12, down from 0.30 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Tenet Healthcare Corporation | 0.12 | 0.26 | 0.30 | 80 | Healthcare | |
| Everpure, Inc. | 0.21 | 0.28 | 0.32 | 61 | Technology | |
| Ford Motor Company | 0.27 | 0.34 | 0.38 | 78 | Consumer Cyclical | |
| Macy's, Inc. | 0.37 | 0.46 | 0.52 | 92 | Consumer Cyclical | |
| The TJX Companies, Inc. | 0.46 | 0.46 | 0.56 | 83 | Consumer Cyclical |
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