Looking to balance out your exposure to BAM? The ETFs below have the lowest correlation with BAM — they tend to move on their own, which can help reduce risk when BAM drops. The stock ideas table highlights individual companies that behave independently from BAM.
Best Diversifiers for BAM
55 ETFs have low correlation with BAM (below 0.3), 14 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.24, down from -0.05 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.24 | -0.05 | — | 66 | Oil & Gas | BAM vs USO | |
| ProShares Ultra Bloomberg Crude Oil | -0.20 | -0.03 | — | 54 | Leveraged Commodities | BAM vs UCO | |
| Invesco DB Commodity Index Tracking Fund | -0.15 | 0.04 | — | 76 | Commodities | BAM vs DBC | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.14 | 0.04 | — | 76 | Commodities | BAM vs PDBC | |
| WisdomTree Floating Rate Treasury Fund | -0.10 | -0.05 | — | 100 | Government Bonds, Ultrashort Bond | BAM vs USFR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BAM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BAM and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.14, down from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.14 | 0.00 | 0.02 | 73 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.11 | 0.09 | 0.12 | 86 | Energy | |
| The Coca-Cola Company | -0.09 | 0.03 | 0.04 | 62 | Consumer Defensive | |
| BP p.l.c. | -0.09 | 0.11 | 0.15 | 89 | Energy | |
| Duke Energy Corporation | -0.09 | 0.04 | 0.03 | 57 | Utilities |
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