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
3 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 -0.02, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Energy Select Sector SPDR ETF | -0.02 | 0.10 | 0.22 | 63 | Energy Equities | BVN vs XLE | |
| Militia Long/Short Equity ETF | 0.26 | 0.27 | 0.27 | 52 | Long-Short | BVN vs ORR | |
| Nomura Focused Emerging Markets Equity ETF | 0.29 | 0.32 | 0.32 | 96 | Emerging Markets Diversified | BVN vs EMEQ | |
| Franklin FTSE South Korea ETF | 0.30 | 0.34 | 0.32 | 96 | Asia Pacific Equities | BVN vs FLKR | |
| Matthews Korea Active ETF | 0.31 | 0.32 | 0.32 | 96 | Asia Pacific Equities | BVN vs MKOR |
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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 Coterra Energy Inc. (CTRA) (Energy) with a 1Y correlation of -0.05, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Coterra Energy Inc. | -0.05 | 0.07 | 0.14 | 79 | Energy | |
| Exxon Mobil Corporation | -0.04 | 0.05 | 0.17 | 85 | Energy | |
| Reddit, Inc. | 0.02 | 0.11 | 0.11 | 62 | Communication Services | |
| Eli Lilly and Company | 0.05 | 0.00 | 0.01 | 72 | Healthcare | |
| BW LPG Limited | 0.14 | 0.13 | 0.11 | 90 | Industrials |
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