Looking to balance out your exposure to BA? The ETFs below have historically moved differently from BA, 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 BA
109 ETFs have low correlation with BA (below 0.3), 10 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.28, roughly unchanged from -0.24 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.28 | -0.17 | -0.24 | 53 | Currency | BA vs UUP | |
| State Street Energy Select Sector SPDR ETF | -0.18 | 0.02 | 0.19 | 65 | Energy Equities | BA vs XLE | |
| Fidelity MSCI Energy Index ETF | -0.18 | 0.03 | 0.19 | 65 | Energy Equities | BA vs FENY | |
| Vanguard Energy ETF | -0.17 | 0.03 | 0.20 | 65 | Energy Equities | BA vs VDE | |
| iShares Global Energy ETF | -0.13 | 0.05 | 0.21 | 72 | Energy Equities | BA vs IXC |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BA, 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 ConocoPhillips Company (COP) (Energy) with a 1Y correlation of -0.21, down from 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.21 | -0.02 | 0.14 | 66 | Energy | |
| Cheniere Energy, Inc. | -0.19 | 0.01 | 0.14 | 57 | Energy | |
| Occidental Petroleum Corporation | -0.19 | 0.00 | 0.17 | 63 | Energy | |
| Exxon Mobil Corporation | -0.17 | -0.01 | 0.14 | 83 | Energy | |
| Chevron Corporation | -0.17 | 0.01 | 0.15 | 73 | Energy |
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