Looking to balance out your exposure to BYDDF? The ETFs below have the lowest correlation with BYDDF — they tend to move on their own, which can help reduce risk when BYDDF drops. The stock ideas table highlights individual companies that behave independently from BYDDF.
Best Diversifiers for BYDDF
5 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 0.22, roughly unchanged from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Franklin FTSE Mexico ETF | 0.22 | 0.24 | 0.27 | 53 | Latin America Equities | BYDDF vs FLMX | |
| iShares J.P. Morgan USD Emerging Markets Bond ETF | 0.25 | 0.19 | 0.22 | 68 | Emerging Markets Bonds | BYDDF vs EMB | |
| Global X FTSE Southeast Asia ETF | 0.27 | 0.24 | 0.29 | 83 | Asia Pacific Equities | BYDDF vs ASEA | |
| iShares Latin American 40 ETF | 0.29 | 0.31 | 0.31 | 70 | Latin America Equities | BYDDF vs ILF | |
| iShares MSCI Poland ETF | 0.30 | 0.26 | 0.32 | 59 | Europe Equities | BYDDF vs EPOL |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BYDDF, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BYDDF and solid risk/return profiles. 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.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | -0.09 | 0.06 | 0.11 | 52 | Financial Services | |
| Atlanticus Holdings Corporation | -0.07 | 0.09 | 0.18 | 82 | Financial Services | |
| Coca-Cola Consolidated, Inc. | -0.06 | 0.01 | 0.06 | 85 | Consumer Defensive | |
| Johnson & Johnson | 0.06 | 0.04 | 0.02 | 97 | Healthcare | |
| Adaro Energy Tbk PT ADR | 0.07 | -0.05 | -0.02 | 68 | Energy |
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