Looking to balance out your exposure to BABA? The ETFs below have the lowest correlation with BABA — they tend to move on their own, which can help reduce risk when BABA drops. The stock ideas table highlights individual companies that behave independently from BABA.
Best Diversifiers for BABA
185 ETFs have low correlation with BABA (below 0.3), 18 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.14, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.14 | 0.02 | 0.06 | 66 | Oil & Gas | BABA vs USO | |
| iShares 0-5 Year TIPS Bond ETF | -0.12 | 0.02 | 0.02 | 93 | Inflation-Protected Bonds | BABA vs STIP | |
| Vanguard Short-Term Inflation-Protected Securities... | -0.11 | 0.02 | 0.01 | 93 | Inflation-Protected Bonds | BABA vs VTIP | |
| ProShares Ultra Bloomberg Crude Oil | -0.11 | 0.04 | 0.08 | 54 | Leveraged Commodities | BABA vs UCO | |
| WisdomTree Floating Rate Treasury Fund | -0.11 | -0.01 | 0.02 | 100 | Government Bonds, Ultrashort Bond | BABA vs USFR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BABA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BABA and solid risk/return profiles. The least correlated is Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.15, down from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.15 | -0.00 | -0.01 | 53 | Utilities | |
| Chubb Limited | -0.14 | 0.00 | 0.08 | 51 | Financial Services | |
| Altria Group, Inc. | -0.13 | 0.01 | 0.04 | 69 | Consumer Defensive | |
| Verizon Communications Inc. | -0.06 | 0.05 | 0.06 | 59 | Communication Services | |
| The Coca-Cola Company | -0.05 | 0.07 | 0.08 | 66 | Consumer Defensive |
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