Looking to balance out your exposure to BAP? The ETFs below have the lowest correlation with BAP — they tend to move on their own, which can help reduce risk when BAP drops. The stock ideas table highlights individual companies that behave independently from BAP.
Best Diversifiers for BAP
0 ETFs have low correlation with BAP (below 0.3), 0 of which are negatively correlated. The least correlated is ProShares UltraPro QQQ (TQQQ) (Leveraged Equities) with a 1Y correlation of 0.32, roughly unchanged from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraPro QQQ | 0.32 | 0.34 | 0.35 | 51 | Leveraged Equities | BAP vs TQQQ | |
| Vanguard S&P 500 ETF | 0.38 | 0.39 | 0.41 | 60 | S&P 500 | BAP vs VOO | |
| State Street SPDR S&P 500 ETF | 0.38 | 0.39 | 0.41 | 60 | S&P 500 | BAP vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BAP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BAP and solid risk/return profiles. The least correlated is Warner Bros. Discovery, Inc. (WBD) (Communication Services) with a 1Y correlation of 0.07, down from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Warner Bros. Discovery, Inc. | 0.07 | 0.20 | 0.28 | 97 | Communication Services | |
| Commercial International Bank | 0.10 | 0.08 | 0.10 | 85 | Financial Services | |
| Brookdale Senior Living Inc. | 0.11 | 0.18 | 0.27 | 92 | Healthcare | |
| AstraZeneca PLC | 0.13 | 0.16 | 0.18 | 78 | Healthcare | |
| E.ON SE ADR | 0.15 | 0.18 | 0.20 | 61 | Utilities |
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