Looking to balance out your exposure to BAH? The ETFs below have the lowest correlation with BAH — they tend to move on their own, which can help reduce risk when BAH drops. The stock ideas table highlights individual companies that behave independently from BAH.
Best Diversifiers for BAH
10 ETFs have low correlation with BAH (below 0.3), 3 of which are negatively correlated. The least correlated is Invesco Semiconductors ETF (PSI) (Semiconductors) with a 1Y correlation of -0.12, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Semiconductors ETF | -0.12 | 0.09 | 0.15 | 91 | Semiconductors, Technology Equities | BAH vs PSI | |
| WisdomTree Japan Hedged Equity Fund | -0.06 | 0.09 | 0.17 | 94 | Japan Equities, Asia Pacific Equities | BAH vs DXJ | |
| Invesco NASDAQ 100 ETF | -0.06 | 0.15 | 0.22 | 54 | Nasdaq-100 | BAH vs QQQM | |
| State Street SPDR S&P 500 ETF | 0.05 | 0.24 | 0.32 | 65 | S&P 500 | BAH vs SPY | |
| iShares Core S&P 500 ETF | 0.06 | 0.24 | 0.32 | 66 | S&P 500 | BAH vs IVV |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BAH, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BAH and solid risk/return profiles. The least correlated is Corning Incorporated (GLW) (Technology) with a 1Y correlation of -0.15, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Corning Incorporated | -0.15 | 0.05 | 0.13 | 95 | Technology | |
| NVIDIA Corporation | -0.15 | 0.05 | 0.12 | 63 | Technology | |
| Applied Materials, Inc. | -0.14 | 0.08 | 0.14 | 96 | Technology | |
| Apple Inc | -0.13 | 0.05 | 0.15 | 93 | Technology | |
| Texas Instruments Incorporated | -0.07 | 0.10 | 0.17 | 71 | Technology |
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