Looking to balance out your exposure to BAC? The ETFs below have the lowest correlation with BAC — they tend to move on their own, which can help reduce risk when BAC drops. The stock ideas table highlights individual companies that behave independently from BAC.
Best Diversifiers for BAC
108 ETFs have low correlation with BAC (below 0.3), 11 of which are negatively correlated. The least correlated is Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) (Inflation-Protected Bonds) with a 1Y correlation of -0.11, down from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Short-Term Inflation-Protected Securities... | -0.11 | 0.02 | 0.03 | 93 | Inflation-Protected Bonds | BAC vs VTIP | |
| iShares 0-5 Year TIPS Bond ETF | -0.11 | 0.03 | 0.03 | 93 | Inflation-Protected Bonds | BAC vs STIP | |
| United States Oil Fund LP | -0.10 | 0.04 | 0.14 | 66 | Oil & Gas | BAC vs USO | |
| ProShares Ultra Bloomberg Crude Oil | -0.07 | 0.05 | 0.13 | 54 | Leveraged Commodities | BAC vs UCO | |
| iShares 0-3 Month Treasury Bond ETF | -0.05 | -0.02 | -0.00 | 100 | Ultrashort Bond | BAC vs SGOV |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BAC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BAC and solid risk/return profiles. The least correlated is Petróleo Brasileiro S.A. - Petrobras (PBR) (Energy) with a 1Y correlation of -0.08, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Petróleo Brasileiro S.A. - Petrobras | -0.08 | 0.15 | 0.20 | 86 | Energy | |
| Duke Energy Corporation | -0.07 | 0.12 | 0.15 | 53 | Utilities | |
| Altria Group, Inc. | -0.06 | 0.16 | 0.24 | 69 | Consumer Defensive | |
| BP p.l.c. | -0.06 | 0.19 | 0.30 | 87 | Energy | |
| Shell plc | -0.02 | 0.19 | 0.31 | 80 | Energy |
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Build a portfolio that complements BAC
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