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56 Stocks and 44 ETFs for diversifying Bausch Health Companies (BHC)

The least correlated asset to Bausch Health Companies (BHC) is ETF TNGY (TORTOISE ENERGY ETF). The correlation is -0.7293.

Stocks that lowly correlated with BHC

SymbolName
Market cap
SectorIndustry
Correlation
EPWKEPWK Holdings Ltd - Class A$9.78KTechnologySoftware - Application-0.65
MWYNMarwynn Holdings Inc$17MConsumer CyclicalFurnishings, Fixtures & Appliances-0.54
CHPGChampionsGate Acquisition Corp - Class A$77MFinancial ServicesShell Companies-0.54
GIBOGIBO Holdings Ltd$42MCommunication ServicesInternet Content & Information-0.53
CCIXChurchill Capital Corp IX$310MFinancial ServicesShell Companies-0.52
NPACNew Providence Acquisition Corp III - Class A$397MFinancial ServicesShell Companies-0.51
UBXGU-BX Technology Ltd$37MTechnologySoftware - Infrastructure-0.49
BEAGUBold Eagle Acquisition Corp - Units (1Ord Cls A & 1 Rts)$54MFinancial ServicesShell Companies-0.48
HMRSports Properties Acquisition Corp$73MIndustrialsMarine Shipping-0.47
SAFXXCF Global Inc$126MUtilitiesUtilities - Renewable-0.47
RDAGRepublic Digital Acquisition Co. - Class A$310MFinancial ServicesShell Companies-0.45
JBDIJBDI Holdings Ltd$9.63MConsumer CyclicalSpecialty Retail-0.45
HKDAMTD Digital Inc$541MTechnologySoftware - Application-0.45
CRAQCal Redwood Acquisition Corp$320MFinancial ServicesShell Companies-0.44
HSPTRHorizon Space Acquisition II Corp Right$763KN/AN/A-0.44
DAAQDigital Asset Acquisition Corp - Class A$178MFinancial ServicesShell Companies-0.44
ULSUL Solutions Inc - Class A$20BIndustrialsSpecialty Business Services-0.43
NAMIJinxin Technology Holding Company$34MCommunication ServicesInternet Content & Information-0.43
RAAQReal Asset Acquisition Corp - Class A$196MFinancial ServicesShell Companies-0.42
LCCCLakeshore Acquisition III Corp$72MFinancial ServicesShell Companies-0.41
BEAGBold Eagle Acquisition Corp$273MFinancial ServicesShell Companies-0.40
DFSCDEFSEC Technologies Inc Com$8.73MIndustrialsAerospace & Defense-0.40
HONDWHCM II Acquisition Corp. Warrant$202MN/AN/A-0.40
LGPSLogProstyle Inc$16MIndustrialsConglomerates-0.40
SDHISiddhi Acquisition Corp - Class A$287MFinancial ServicesShell Companies-0.39
PRMBPrimo Brands Corp - Class A$8.97BConsumer DefensiveBeverages - Non-alcoholic-0.39
WSBKWinchester Bancorp Inc$119MFinancial ServicesBanks - Regional-0.39
PTWOUSBC Medical Group Holdings Inc - Units (1 Ord Class A & 1 War)$1.13BN/AN/A-0.39
NTCLNetClass Technology Inc - Class A$8.13MTechnologySoftware - Application-0.38
NAMMNamib Minerals.$77MBasic MaterialsGold-0.38
YSXTYsx Tech Co.Ltd - Class A$24MIndustrialsSpecialty Business Services-0.38
HBNBHotel101 Global Holdings Corp$1.36BReal EstateReal Estate Services-0.37
HCAIHuachen AI Parking Management Technology Holding Co. Ltd$13MIndustrialsFarm & Heavy Construction Machinery-0.37
LPAALaunch One Acquisition Corp - Class A$249MFinancial ServicesShell Companies-0.37
NCRANocera Inc$5.14MConsumer DefensivePackaged Foods-0.37
CAPNUCayson Acquisition Corp - Units (1 1 Rights)$20MFinancial ServicesShell Companies-0.36
DFDVDeFi Development Corp$127MFinancial ServicesAsset Management-0.36
TOYOTOYO Co Ltd$560MTechnologySolar-0.36
IPCXInflection Point Acquisition Corp III - Class A$261MFinancial ServicesShell Companies-0.35
KGKING PHARMACEUTICALS INC$85MFinancial ServicesInsurance - Reinsurance-0.35
PCPremium Catering (Holdings) Ltd$30MIndustrialsSpecialty Business Services-0.35
WTFWaton Financial Ltd$141MFinancial ServicesCapital Markets-0.35
CEPOCantor Equity Partners I Inc - Class A$270MFinancial ServicesShell Companies-0.35
MDCXWMedicus Pharma Ltd warrant$14MHealthcareDrug Manufacturers - General-0.34
XHLDTEN Holdings Inc$5.69MCommunication ServicesBroadcasting-0.34
MCTRCTRL Group Ltd$15MCommunication ServicesAdvertising Agencies-0.34
LPALogistic Properties of the Americas$89MReal EstateReal Estate - Development-0.34
SAGTSagtec Global Ltd$21MTechnologySoftware - Application-0.34
LEGTLegato Merger Corp III$229MFinancial ServicesShell Companies-0.33
HAFNHafnia Ltd$4.06BIndustrialsMarine Shipping-0.33
BIRKBirkenstock Holding Plc$7.86BConsumer CyclicalFootwear & Accessories-0.33
BLIVBeLive Holdings$25MTechnologySoftware - Application-0.33
GETGetnetAdquirencia e Servicos para Meios de Pagamento S.A. - Instituica$88MN/AN/A-0.32
LOARLoar Holdings Inc$5.82BIndustrialsAerospace & Defense-0.32
MASK3 E Network Technology Group Ltd - Class A$1.60MTechnologySoftware - Application-0.32
EMAEmera Incorporated$16BUtilitiesUtilities - Regulated Electric-0.32

ETFs that lowly correlated with BHC

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
TNGYTORTOISE ENERGY ETF $600M0.85%Dec 27, 2010-0.73
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $62M0.79%Jun 28, 2024-0.57
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $9M6.22%Jul 10, 2018-0.49
RFIXSimplify Downside Interest Rate Hedge Strategy ETF$56M0.50%Dec 9, 2024-0.48
BNKDBank of Montreal$1.40MN/AFeb 20, 2025-0.47
TAILCAMBRIA TAIL RISK ETF $157M0.59%Apr 5, 2017-0.46
SOFRAmplify Samsung SOFR ETF$423M0.20%Nov 14, 2023-0.46
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.45
MMKTTEXAS CAPITAL GOVERNMENT MONEY MARKET ETF $70M0.20%Sep 24, 2024-0.41
EMTYProShares Decline of the Retail Store ETF -1x Shares$2.90M0.65%Nov 14, 2017-0.41
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$19MN/ANov 7, 2019-0.41
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$37M0.89%Jan 17, 2018-0.40
SEFProShares Short Financials -1x Shares$18M0.95%Jun 10, 2008-0.40
YGLDSimplify Gold Strategy PLUS Income ETF$49M0.53%Dec 2, 2024-0.40
RWMPROSHARES SHORT RUSSELL2000 $143M0.95%Jan 23, 2007-0.38
MYYPROSHARES SHORT MIDCAP400 $2.70M0.95%Jun 19, 2006-0.38
TEXNiShares Texas Equity ETF$17M0.20%Jun 23, 2025-0.37
SKFProShares UltraShort Financials -2x Shares$16MN/AMay 23, 2007-0.37
TWMProShares UltraShort Russell2000 -2x Shares$47MN/AJan 23, 2007-0.37
MZZPROSHARES ULTRASHORT MIDCAP400 $734KN/AJul 11, 2006-0.37
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.60MN/AJan 23, 2007-0.36
SBBProShares Short SmallCap600 -1x Shares$4.10M0.95%Jan 23, 2007-0.36
VIXMProShares VIX Mid-Term Futures ETF$56M0.92%Jan 3, 2011-0.36
SCCProShares UltraShort Consumer Discretionary$6.20MN/AJan 30, 2007-0.36
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $10MN/ANov 7, 2019-0.36
NMBSimplify National Muni Bond ETF$47M0.52%Sep 9, 2024-0.35
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $220M0.48%Jun 8, 2016-0.35
SHProShares Short S&P500 -1x Shares$1.20B0.89%Jun 19, 2006-0.35
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.34
AIBDDIREXION DAILY AI AND BIG DATA BEAR 2X SHARES $4.20MN/AMay 15, 2024-0.34
SDSProShares UltraShort S&P500 -2x Shares$443MN/AJul 11, 2006-0.34
DXDPROSHARES ULTRASHORT DOW30 $51MN/AJul 11, 2006-0.34
LDRHISHARES IBONDS 1-5 YEAR HIGH YIELD AND INCOME LADDER ETF $7.90M0.35%Nov 7, 2024-0.33
SETHProShares Short Ether ETF$16M0.95%Nov 1, 2023-0.33
EFZProShares Short MSCI EAFE -1X Shares$16M0.95%Oct 23, 2007-0.32
SARKTRADR 1X SHORT INNOVATION DAILY ETF $68M0.92%Nov 5, 2021-0.32
ETHDProShares UltraShort Ether ETF$84MN/AJun 6, 2024-0.32
EFUProShares UltraShort MSCI EAFE -2x Shares$932KN/AOct 23, 2007-0.32
EWVProShares UltraShort MSCI Japan -2x Shares$7.20MN/ANov 6, 2007-0.32
QIDPROSHARES ULTRASHORT QQQ $279MN/AJul 11, 2006-0.32
SIJProShares UltraShort Industrials -2x Shares$6.20MN/AJan 30, 2007-0.32
SKRETUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF $9.60MN/AJan 3, 2024-0.32
BISProShares UltraShort Nasdaq Biotechnology -2x Shares$2.50MN/AApr 6, 2010-0.31
LABDDIREXION DAILY S&P BIOTECH BEAR 3X SHARES DIREXION DAILY S&P BIOTECH BEAR 3X SHARES$69MN/AMay 28, 2015-0.31