Looking to balance out your exposure to BYD? The ETFs below have historically moved differently from BYD, 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 BYD
3 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 0.20, down from 0.40 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard FTSE Emerging Markets ETF | 0.20 | 0.32 | 0.40 | 51 | Emerging Markets Equities | BYD vs VWO | |
| Vanguard S&P 500 ETF | 0.28 | 0.47 | 0.54 | 68 | S&P 500 | BYD vs VOO | |
| State Street SPDR S&P 500 ETF | 0.29 | 0.48 | 0.54 | 67 | S&P 500 | BYD vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BYD, 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 Broadcom Inc. (AVGO) (Technology) with a 1Y correlation of -0.01, down from 0.32 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Broadcom Inc. | -0.01 | 0.21 | 0.32 | 67 | Technology | |
| Palo Alto Networks, Inc. | 0.01 | 0.18 | 0.29 | 88 | Technology | |
| IREN Limited | 0.08 | 0.24 | — | 78 | Financial Services | |
| Eli Lilly and Company | 0.10 | 0.12 | 0.11 | 83 | Healthcare | |
| Realty Income Corporation | 0.12 | 0.21 | 0.26 | 77 | Real Estate |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements BYD
Add BYD to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with BYD