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
155 ETFs have low correlation with BABA (below 0.3), 14 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.18, roughly unchanged from -0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.18 | -0.21 | -0.24 | 51 | Currency | BABA vs UUP | |
| iShares 0-3 Month Treasury Bond ETF | -0.10 | 0.01 | 0.05 | 100 | Ultrashort Bond | BABA vs SGOV | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.09 | -0.05 | 0.04 | 100 | Government Bonds, Ultrashort Bond | BABA vs BIL | |
| WisdomTree Floating Rate Treasury Fund | -0.09 | -0.02 | 0.02 | 100 | Government Bonds, Ultrashort Bond | BABA vs USFR | |
| Vanguard 0-3 Month Treasury Bill ETF | -0.08 | — | — | 100 | Ultrashort Bond | BABA vs VBIL |
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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 Waste Management, Inc. (WM) (Industrials) with a 1Y correlation of -0.24, down from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Waste Management, Inc. | -0.24 | -0.08 | -0.01 | 53 | Industrials | |
| The Southern Company | -0.18 | 0.01 | -0.00 | 58 | Utilities | |
| Duke Energy Corporation | -0.18 | -0.02 | -0.02 | 66 | Utilities | |
| Chubb Limited | -0.17 | -0.02 | 0.07 | 86 | Financial Services | |
| Altria Group, Inc. | -0.15 | -0.01 | 0.03 | 81 | Consumer Defensive |
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