Looking to balance out your exposure to BABA? The ETFs below have historically moved differently from BABA, 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 BABA
175 ETFs have low correlation with BABA (below 0.3), 20 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.11, down from 0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.11 | 0.01 | 0.05 | 100 | Ultrashort Bond | BABA vs SGOV | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.09 | -0.05 | 0.03 | 100 | Government Bonds, Ultrashort Bond | BABA vs BIL | |
| Vanguard 0-3 Month Treasury Bill ETF | -0.09 | — | — | 100 | Ultrashort Bond | BABA vs VBIL | |
| WisdomTree Floating Rate Treasury Fund | -0.09 | -0.02 | 0.02 | 100 | Government Bonds, Ultrashort Bond | BABA vs USFR | |
| PIMCO Enhanced Short Maturity Active ETF | -0.06 | 0.01 | 0.08 | 100 | Ultrashort Bond | BABA vs MINT |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BABA, 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 Omega Healthcare Investors, Inc. (OHI) (Real Estate) with a 1Y correlation of -0.19, down from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Omega Healthcare Investors, Inc. | -0.19 | -0.05 | 0.06 | 86 | Real Estate | |
| Duke Energy Corporation | -0.18 | -0.04 | -0.02 | 52 | Utilities | |
| Chubb Limited | -0.18 | -0.02 | 0.06 | 87 | Financial Services | |
| Agree Realty Corporation | -0.16 | -0.00 | 0.03 | 60 | Real Estate | |
| Altria Group, Inc. | -0.15 | -0.01 | 0.03 | 66 | Consumer Defensive |
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