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
60 ETFs have low correlation with BAM (below 0.3), 14 of which are negatively correlated. The least correlated is WisdomTree Floating Rate Treasury Fund (USFR) (Government Bonds) with a 1Y correlation of -0.14, roughly unchanged from -0.06 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| WisdomTree Floating Rate Treasury Fund | -0.14 | -0.06 | — | 100 | Government Bonds, Ultrashort Bond | BAM vs USFR | |
| Invesco DB Commodity Index Tracking Fund | -0.13 | 0.03 | — | 56 | Commodities | BAM vs DBC | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.12 | 0.03 | — | 57 | Commodities | BAM vs PDBC | |
| State Street Energy Select Sector SPDR ETF | -0.08 | 0.16 | 0.19 | 59 | Energy Equities | BAM vs XLE | |
| Global X MLP & Energy Infrastructure ETF | -0.07 | 0.30 | 0.33 | 75 | MLPs | BAM vs MLPX |
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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 -0.20, down from -0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.20 | -0.02 | -0.00 | 80 | Consumer Defensive | |
| The Coca-Cola Company | -0.17 | 0.00 | 0.02 | 84 | Consumer Defensive | |
| Occidental Petroleum Corporation | -0.14 | 0.06 | 0.11 | 67 | Energy | |
| Exxon Mobil Corporation | -0.13 | 0.07 | 0.11 | 78 | Energy | |
| Duke Energy Corporation | -0.13 | 0.03 | 0.03 | 64 | Utilities |
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