Looking to diversify beyond BALI? The ETFs below have the lowest correlation with BALI — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from BALI.
Best Diversifiers for BALI
376 ETFs have low correlation with BALI (below 0.3), 67 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.47 | — | — | 60 | Inverse Equities | BALI vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.47 | — | — | 68 | Inverse Equities, Leveraged Equities | BALI vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.46 | -0.36 | -0.36 | 57 | Cryptocurrency | BALI vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.46 | -0.41 | -0.41 | 52 | Cryptocurrency, Leveraged Cryptocurrency | BALI vs SBIT | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.45 | — | — | 70 | Derivative Income | BALI vs WNTR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BALI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BALI and solid risk/return profiles. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.18, down from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.18 | 0.03 | 0.03 | 75 | Energy | |
| Occidental Petroleum Corporation | -0.18 | 0.04 | 0.04 | 62 | Energy | |
| Altria Group, Inc. | -0.18 | 0.01 | 0.01 | 81 | Consumer Defensive | |
| Chevron Corporation | -0.17 | 0.07 | 0.07 | 70 | Energy | |
| Duke Energy Corporation | -0.17 | 0.01 | 0.01 | 66 | Utilities |
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