Looking to balance out your exposure to BA? The ETFs below have the lowest correlation with BA — they tend to move on their own, which can help reduce risk when BA drops. The stock ideas table highlights individual companies that behave independently from BA.
Best Diversifiers for BA
86 ETFs have low correlation with BA (below 0.3), 4 of which are negatively correlated. The least correlated is Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) (Commodities) with a 1Y correlation of -0.11, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Optimum Yield Diversified Commodity Strate... | -0.11 | 0.03 | 0.12 | 50 | Commodities | BA vs PDBC | |
| Global X MLP & Energy Infrastructure ETF | -0.11 | 0.09 | 0.27 | 71 | MLPs | BA vs MLPX | |
| iShares Global Energy ETF | -0.11 | 0.06 | 0.23 | 52 | Energy Equities | BA vs IXC | |
| WisdomTree Floating Rate Treasury Fund | -0.09 | 0.00 | 0.00 | 100 | Government Bonds, Ultrashort Bond | BA vs USFR | |
| Alpha Architect 1-3 Month Box ETF | 0.00 | 0.02 | — | 100 | Ultrashort Bond | BA vs BOXX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BA and solid risk/return profiles. The least correlated is ConocoPhillips Company (COP) (Energy) with a 1Y correlation of -0.18, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.18 | 0.00 | 0.15 | 63 | Energy | |
| Occidental Petroleum Corporation | -0.17 | 0.02 | 0.19 | 61 | Energy | |
| Cheniere Energy, Inc. | -0.17 | 0.02 | 0.15 | 55 | Energy | |
| Exxon Mobil Corporation | -0.16 | 0.00 | 0.16 | 73 | Energy | |
| Chevron Corporation | -0.14 | 0.02 | 0.17 | 67 | Energy |
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