Looking to diversify beyond BABO? The ETFs below have the lowest correlation with BABO — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from BABO.
Best Diversifiers for BABO
966 ETFs have low correlation with BABO (below 0.3), 60 of which are negatively correlated. The least correlated is iShares iBonds Oct 2027 Term TIPS ETF (IBID) (Inflation-Protected Bonds) with a 1Y correlation of -0.14, roughly unchanged from -0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares iBonds Oct 2027 Term TIPS ETF | -0.14 | -0.06 | -0.06 | 95 | Inflation-Protected Bonds | BABO vs IBID | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.12 | -0.06 | -0.06 | 98 | Inflation-Protected Bonds | BABO vs IBIC | |
| WisdomTree Floating Rate Treasury Fund | -0.12 | 0.00 | 0.00 | 100 | Government Bonds, Ultrashort Bond | BABO vs USFR | |
| Global X 1-3 Month T-Bill ETF | -0.12 | — | — | 100 | Ultrashort Bond | BABO vs CLIP | |
| ProShares UltraShort Yen | -0.12 | -0.10 | -0.10 | 63 | Leveraged Currency | BABO vs YCS |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BABO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BABO and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Rogers Communications Inc. | 0.05 | — | — | 77 | Communication Services | |
| Equinix, Inc. | 0.11 | 0.16 | 0.16 | 70 | Real Estate | |
| Gildan Activewear Inc. | 0.17 | — | — | 53 | Consumer Cyclical | |
| Capital Southwest Corporation | 0.21 | — | — | 73 | Financial Services | |
| NVIDIA Corporation | 0.30 | — | — | 72 | Technology |
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