Looking to balance out your exposure to BVN? The ETFs below have the lowest correlation with BVN — they tend to move on their own, which can help reduce risk when BVN drops. The stock ideas table highlights individual companies that behave independently from BVN.
Best Diversifiers for BVN
1 ETFs have low correlation with BVN (below 0.3), 1 of which are negatively correlated. The least correlated is State Street Energy Select Sector SPDR ETF (XLE) (Energy Equities) with a 1Y correlation of -0.04, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Energy Select Sector SPDR ETF | -0.04 | 0.08 | 0.20 | 59 | Energy Equities | BVN vs XLE | |
| Militia Long/Short Equity ETF | 0.31 | — | — | 68 | Long-Short | BVN vs ORR | |
| Nomura Focused Emerging Markets Equity ETF | 0.32 | — | — | 91 | Emerging Markets Diversified | BVN vs EMEQ | |
| Franklin FTSE South Korea ETF | 0.34 | 0.34 | 0.32 | 86 | South Korea Equities, Asia Pacific Equities | BVN vs FLKR | |
| iShares MSCI South Korea ETF | 0.34 | 0.35 | 0.32 | 87 | South Korea Equities, Asia Pacific Equities | BVN vs EWY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BVN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BVN and solid risk/return profiles. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.07, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.07 | 0.04 | 0.16 | 78 | Energy | |
| Vista Oil & Gas, S.A.B. de C.V. | -0.06 | 0.12 | 0.18 | 70 | Energy | |
| Eli Lilly and Company | 0.00 | 0.00 | 0.00 | 79 | Healthcare | |
| Reddit, Inc. | 0.04 | — | — | 58 | Communication Services | |
| Hafnia Limited | 0.08 | — | — | 82 | Industrials |
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