Looking to balance out your exposure to BYDDF? The ETFs below have historically moved differently from BYDDF, 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 BYDDF
3 ETFs have low correlation with BYDDF (below 0.3), 0 of which are negatively correlated. The least correlated is Franklin FTSE Mexico ETF (FLMX) (Latin America Equities) with a 1Y correlation of 0.25, roughly unchanged from 0.27 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Franklin FTSE Mexico ETF | 0.25 | 0.24 | 0.27 | 52 | Latin America Equities | BYDDF vs FLMX | |
| iShares Latin American 40 ETF | 0.26 | 0.29 | 0.31 | 72 | Latin America Equities | BYDDF vs ILF | |
| Global X FTSE Southeast Asia ETF | 0.28 | 0.24 | 0.29 | 81 | Asia Pacific Equities | BYDDF vs ASEA | |
| iShares MSCI Poland ETF | 0.30 | 0.26 | 0.32 | 73 | Europe Equities | BYDDF vs EPOL | |
| State Street SPDR S&P 500 ETF | 0.31 | 0.23 | 0.30 | 71 | S&P 500 | BYDDF vs SPY |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BYDDF, 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 Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of -0.09, down from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | -0.09 | 0.07 | 0.11 | 66 | Financial Services | |
| Coca-Cola Consolidated, Inc. | -0.07 | 0.01 | 0.06 | 85 | Consumer Defensive | |
| Atlanticus Holdings Corporation | -0.04 | 0.09 | 0.18 | 88 | Financial Services | |
| Johnson & Johnson | -0.01 | 0.03 | 0.01 | 96 | Healthcare | |
| Visa Inc. | 0.06 | 0.11 | 0.18 | 56 | Financial Services |
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