Looking to balance out your exposure to BALL? The ETFs below have the lowest correlation with BALL — they tend to move on their own, which can help reduce risk when BALL drops. The stock ideas table highlights individual companies that behave independently from BALL.
Best Diversifiers for BALL
6 ETFs have low correlation with BALL (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.07, down from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.07 | 0.22 | 0.33 | 74 | Nasdaq-100 | BALL vs QQQ | |
| Blackrock Large Cap Core ETF | 0.12 | — | — | 86 | Large Cap Blend Equities | BALL vs BLCR | |
| Vanguard S&P 500 ETF | 0.20 | 0.35 | 0.42 | 74 | S&P 500 | BALL vs VOO | |
| State Street SPDR S&P 500 ETF | 0.21 | 0.35 | 0.42 | 74 | S&P 500 | BALL vs SPY | |
| Goldman Sachs S&P 500 Premium Income ETF | 0.21 | — | — | 79 | Derivative Income, S&P 500 | BALL vs GPIX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BALL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BALL and solid risk/return profiles. The least correlated is Broadcom Inc. (AVGO) (Technology) with a 1Y correlation of -0.10, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Broadcom Inc. | -0.10 | 0.07 | 0.17 | 76 | Technology | |
| CF Industries Holdings, Inc. | -0.07 | 0.13 | 0.13 | 63 | Basic Materials | |
| Cisco Systems, Inc. | -0.01 | 0.22 | 0.30 | 96 | Technology | |
| Amazon.com, Inc | 0.02 | 0.14 | 0.26 | 62 | Consumer Cyclical | |
| Marvell Technology Group Ltd. | 0.03 | 0.15 | 0.22 | 98 | Technology |
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