Looking to balance out your exposure to BV? The ETFs below have the lowest correlation with BV — they tend to move on their own, which can help reduce risk when BV drops. The stock ideas table highlights individual companies that behave independently from BV.
Best Diversifiers for BV
0 ETFs have low correlation with BV (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 0.39, down from 0.49 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.39 | 0.48 | 0.49 | 65 | S&P 500 | BV vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BV, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BV and solid risk/return profiles. The least correlated is PBF Energy Inc. (PBF) (Energy) with a 1Y correlation of -0.08, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| PBF Energy Inc. | -0.08 | 0.15 | 0.18 | 91 | Energy | |
| BASF SE ADR | 0.12 | 0.19 | 0.27 | 63 | Basic Materials | |
| Unum Group | 0.34 | 0.35 | 0.36 | 62 | Financial Services | |
| Penske Automotive Group, Inc. | 0.37 | 0.45 | 0.41 | 65 | Consumer Cyclical | |
| Arcos Dorados Holdings Inc. | 0.39 | 0.28 | 0.29 | 64 | Consumer Cyclical |
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