Looking to balance out your exposure to B? The ETFs below have historically moved differently from B, 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 B
26 ETFs have low correlation with B (below 0.3), 2 of which are negatively correlated. The least correlated is Alerian MLP ETF (AMLP) (MLPs) with a 1Y correlation of -0.08, down from 0.20 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Alerian MLP ETF | -0.08 | 0.13 | 0.20 | 66 | MLPs | B vs AMLP | |
| iShares Global Energy ETF | -0.00 | 0.16 | 0.22 | 82 | Energy Equities | B vs IXC | |
| iShares 0-3 Month Treasury Bond ETF | 0.01 | -0.02 | 0.00 | 100 | Ultrashort Bond | B vs SGOV | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | 0.02 | 0.01 | 0.02 | 100 | Government Bonds, Ultrashort Bond | B vs BIL | |
| iShares Treasury Floating Rate Bond ETF | 0.07 | -0.02 | 0.01 | 100 | Government Bonds, Ultrashort Bond | B vs TFLO |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for B, 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 The Allstate Corporation (ALL) (Financial Services) with a 1Y correlation of -0.17, down from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Allstate Corporation | -0.17 | 0.01 | 0.06 | 82 | Financial Services | |
| Cboe Global Markets, Inc. | -0.16 | -0.00 | 0.04 | 69 | Financial Services | |
| VeriSign, Inc. | -0.13 | 0.03 | 0.10 | 53 | Technology | |
| The Coca-Cola Company | -0.11 | 0.08 | 0.13 | 90 | Consumer Defensive | |
| McKesson Corporation | -0.09 | -0.02 | 0.05 | 67 | Healthcare |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements B
Add B to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with B