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
25 ETFs have low correlation with B (below 0.3), 1 of which are negatively correlated. The least correlated is iShares Global Energy ETF (IXC) (Energy Equities) with a 1Y correlation of -0.00, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Global Energy ETF | -0.00 | 0.17 | 0.22 | 51 | Energy Equities | B vs IXC | |
| Invesco S&P SmallCap Energy ETF | 0.03 | 0.17 | 0.21 | 51 | Energy Equities | B vs PSCE | |
| iShares 0-3 Month Treasury Bond ETF | 0.03 | -0.02 | 0.00 | 100 | Ultrashort Bond | B vs SGOV | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | 0.04 | 0.00 | 0.02 | 100 | Government Bonds, Ultrashort Bond | B vs BIL | |
| iShares Treasury Floating Rate Bond ETF | 0.06 | -0.04 | 0.01 | 100 | Government Bonds, Ultrashort Bond | B vs TFLO |
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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 The Allstate Corporation (ALL) (Financial Services) with a 1Y correlation of -0.11, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Allstate Corporation | -0.11 | 0.02 | 0.07 | 82 | Financial Services | |
| Cboe Global Markets, Inc. | -0.11 | 0.01 | 0.05 | 59 | Financial Services | |
| The Coca-Cola Company | -0.08 | 0.08 | 0.14 | 82 | Consumer Defensive | |
| Chevron Corporation | -0.06 | 0.09 | 0.16 | 67 | Energy | |
| The Travelers Companies, Inc. | -0.06 | 0.04 | 0.07 | 90 | Financial Services |
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