Looking to diversify beyond BALI? The ETFs below have historically moved differently from BALI, 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 BALI
424 ETFs have low correlation with BALI (below 0.3), 87 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 | -0.49 | — | — | 52 | Inverse Equities | BALI vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.48 | — | — | 61 | Inverse Equities, Leveraged Equities | BALI vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.47 | — | — | 61 | Cryptocurrency | BALI vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.47 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | BALI vs SBIT | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.47 | — | — | 75 | Derivative Income | BALI vs WNTR |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BALI, 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 Occidental Petroleum Corporation (OXY) (Energy) with a 1Y correlation of -0.21, down from 0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Occidental Petroleum Corporation | -0.21 | 0.03 | 0.03 | 70 | Energy | |
| Duke Energy Corporation | -0.21 | -0.00 | -0.00 | 56 | Utilities | |
| Exxon Mobil Corporation | -0.21 | 0.02 | 0.02 | 84 | Energy | |
| Chevron Corporation | -0.21 | 0.06 | 0.06 | 80 | Energy | |
| Altria Group, Inc. | -0.20 | -0.00 | -0.00 | 66 | Consumer Defensive |
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