Looking to balance out your exposure to B? The ETFs below have the lowest correlation with B — they tend to move on their own, which can help reduce risk when B drops. The stock ideas table highlights individual companies that behave independently from B.
Best Diversifiers for B
10 ETFs have low correlation with B (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Global Energy ETF (IXC) (Energy Equities) with a 1Y correlation of 0.01, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Global Energy ETF | 0.01 | 0.19 | 0.23 | 81 | Energy Equities | B vs IXC | |
| iShares 0-3 Month Treasury Bond ETF | 0.03 | -0.03 | 0.01 | 100 | Ultrashort Bond | B vs SGOV | |
| SPDR Bloomberg Barclays Investment Grade Floating ... | 0.14 | 0.03 | 0.07 | 99 | Corporate Bonds | B vs FLRN | |
| SPDR S&P Oil & Gas Equipment & Services ETF | 0.15 | 0.23 | 0.24 | 92 | Energy Equities | B vs XES | |
| Schwab U.S. Dividend Equity ETF | 0.16 | 0.22 | 0.25 | 85 | Dividend | B vs SCHD |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from B, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to B and solid risk/return profiles. The least correlated is Cboe Global Markets, Inc. (CBOE) (Financial Services) with a 1Y correlation of -0.08, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cboe Global Markets, Inc. | -0.08 | 0.03 | 0.06 | 71 | Financial Services | |
| The Travelers Companies, Inc. | -0.04 | 0.05 | 0.08 | 58 | Financial Services | |
| Mitsui Engineering & Shipbuilding Co Ltd ADR | -0.01 | -0.03 | -0.00 | 87 | Industrials | |
| Walmart Inc. | -0.01 | 0.09 | 0.13 | 66 | Consumer Defensive | |
| Woodside Energy Group Ltd | 0.02 | 0.18 | 0.23 | 86 | Energy |
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