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
1164 ETFs have low correlation with BABO (below 0.3), 84 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.33 | — | — | 70 | Inverse Equities, Leveraged Equities | BABO vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.33 | — | — | 63 | Inverse Equities | BABO vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.33 | — | — | 73 | Derivative Income | BABO vs WNTR | |
| ProShares Short Bitcoin ETF | -0.33 | -0.25 | -0.25 | 52 | Cryptocurrency | BABO vs BITI | |
| Return Stacked Bonds & Futures Yield ETF | -0.17 | — | — | 56 | Multistrategy | BABO vs RSBY |
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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. The least correlated is The Hershey Company (HSY) (Consumer Defensive) with a 1Y correlation of 0.01, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Hershey Company | 0.01 | 0.08 | 0.08 | 53 | Consumer Defensive | |
| Rogers Communications Inc. | 0.05 | — | — | 52 | Communication Services | |
| Equinix, Inc. | 0.09 | 0.15 | 0.15 | 84 | Real Estate | |
| Gildan Activewear Inc. | 0.14 | — | — | 50 | Consumer Cyclical | |
| Capital Southwest Corporation | 0.23 | 0.22 | 0.22 | 70 | Financial Services |
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