Looking to balance out your exposure to BYND? The ETFs below have historically moved differently from BYND, 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 BYND
5 ETFs have low correlation with BYND (below 0.3), 0 of which are negatively correlated. The least correlated is Schwab US REIT ETF (SCHH) (REIT) with a 1Y correlation of 0.02, down from 0.29 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab US REIT ETF | 0.02 | 0.19 | 0.29 | 62 | REIT | BYND vs SCHH | |
| Schwab Short-Term U.S. Treasury ETF | 0.15 | 0.08 | 0.09 | 86 | Government Bonds, Short-Term Bond | BYND vs SCHO | |
| Global X Lithium & Battery Tech ETF | 0.25 | 0.27 | 0.34 | 77 | Lithium & Battery Metals | BYND vs LIT | |
| Amplify Lithium & Battery Technology ETF | 0.28 | 0.32 | 0.40 | 58 | Lithium & Battery Metals | BYND vs BATT | |
| Schwab Emerging Markets Equity ETF | 0.29 | 0.31 | 0.36 | 52 | Emerging Markets Equities | BYND vs SCHE |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BYND, 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 Consolidated Edison, Inc. (ED) (Utilities) with a 1Y correlation of -0.15, down from 0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Consolidated Edison, Inc. | -0.15 | -0.01 | 0.02 | 56 | Utilities | |
| Berkshire Hathaway Inc. | -0.13 | 0.11 | 0.20 | 61 | Financial Services | |
| Devon Energy Corporation | -0.09 | 0.07 | 0.12 | 78 | Energy | |
| Tyson Foods, Inc. | -0.02 | 0.09 | 0.16 | 64 | Consumer Defensive | |
| DexCom, Inc. | -0.01 | 0.08 | 0.22 | 51 | Healthcare |
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