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
12 ETFs have low correlation with BAH (below 0.3), 5 of which are negatively correlated. The least correlated is Invesco Semiconductors ETF (PSI) (Semiconductors) with a 1Y correlation of -0.07, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Semiconductors ETF | -0.07 | 0.13 | 0.17 | 96 | Semiconductors, Technology Equities | BAH vs PSI | |
| Direxion Daily Technology Bull 3X Shares | -0.02 | 0.16 | 0.23 | 85 | Leveraged Equities, Technology Equities | BAH vs TECL | |
| WisdomTree Japan Hedged Equity Fund | -0.01 | 0.12 | 0.19 | 88 | Japan Equities | BAH vs DXJ | |
| ProShares UltraPro QQQ | -0.01 | 0.18 | 0.24 | 71 | Leveraged Equities | BAH vs TQQQ | |
| Invesco NASDAQ 100 ETF | -0.01 | 0.18 | 0.24 | 74 | Nasdaq-100 | BAH vs QQQM |
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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 NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.17, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.17 | 0.05 | 0.12 | 78 | Technology | |
| Apple Inc | -0.14 | 0.05 | 0.16 | 89 | Technology | |
| Corning Incorporated | -0.09 | 0.11 | 0.16 | 98 | Technology | |
| Applied Materials, Inc. | -0.07 | 0.12 | 0.16 | 96 | Technology | |
| Alphabet Inc. Class A | -0.07 | 0.05 | 0.15 | 96 | Communication Services |
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