Looking to balance out your exposure to BYD? The ETFs below have the lowest correlation with BYD — they tend to move on their own, which can help reduce risk when BYD drops. The stock ideas table highlights individual companies that behave independently from BYD.
Best Diversifiers for BYD
2 ETFs have low correlation with BYD (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard FTSE Emerging Markets ETF (VWO) (Emerging Markets Equities) with a 1Y correlation of 0.22, down from 0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard FTSE Emerging Markets ETF | 0.22 | 0.32 | 0.41 | 51 | Emerging Markets Equities | BYD vs VWO | |
| Invesco QQQ ETF | 0.23 | 0.39 | 0.47 | 64 | Nasdaq-100 | BYD vs QQQ | |
| Vanguard S&P 500 ETF | 0.33 | 0.48 | 0.55 | 68 | S&P 500 | BYD vs VOO | |
| State Street SPDR S&P 500 ETF | 0.33 | 0.49 | 0.55 | 67 | S&P 500 | BYD vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BYD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BYD and solid risk/return profiles. The least correlated is Broadcom Inc. (AVGO) (Technology) with a 1Y correlation of 0.01, down from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Broadcom Inc. | 0.01 | 0.19 | 0.30 | 73 | Technology | |
| Palo Alto Networks, Inc. | 0.04 | 0.18 | 0.29 | 82 | Technology | |
| Realty Income Corporation | 0.08 | 0.20 | 0.26 | 72 | Real Estate | |
| Eli Lilly and Company | 0.11 | 0.13 | 0.11 | 80 | Healthcare | |
| IREN Limited | 0.11 | 0.25 | 0.29 | 80 | Financial Services |
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