Looking to balance out your exposure to BZ? The ETFs below have the lowest correlation with BZ — they tend to move on their own, which can help reduce risk when BZ drops. The stock ideas table highlights individual companies that behave independently from BZ.
Best Diversifiers for BZ
0 ETFs have low correlation with BZ (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.32, roughly unchanged from 0.33 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.32 | 0.33 | — | 70 | S&P 500 | BZ vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BZ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BZ and solid risk/return profiles. The least correlated is Baidu, Inc. (BIDU) (Communication Services) with a 1Y correlation of 0.43, down from 0.58 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Baidu, Inc. | 0.43 | 0.58 | — | 72 | Communication Services |
Build a portfolio that complements BZ
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