Looking to diversify beyond BABX? The ETFs below have historically moved differently from BABX, 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 BABX
1318 ETFs have low correlation with BABX (below 0.3), 105 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.36 | — | — | 52 | Inverse Equities | BABX vs SMST | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.35 | — | — | 75 | Derivative Income | BABX vs WNTR | |
| Proshares Ultrashort Bitcoin ETF | -0.35 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | BABX vs SBIT | |
| ProShares Short Bitcoin ETF | -0.35 | -0.23 | — | 61 | Cryptocurrency | BABX vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.35 | — | — | 61 | Inverse Equities, Leveraged Equities | BABX vs MSTZ |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BABX, 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 Broadcom Inc. (AVGO) (Technology) with a 1Y correlation of 0.25, roughly unchanged from 0.22 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Broadcom Inc. | 0.25 | 0.22 | — | 67 | Technology | |
| Advanced Micro Devices, Inc. | 0.28 | 0.29 | — | 94 | Technology | |
| Arm Holdings plc American Depositary Shares | 0.29 | — | — | 74 | Technology | |
| Amazon.com, Inc | 0.29 | 0.25 | — | 60 | Consumer Cyclical | |
| NVIDIA Corporation | 0.31 | 0.25 | 0.25 | 56 | Technology |
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