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
1 ETFs have low correlation with BAP (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) (Commodities) with a 1Y correlation of 0.03, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Optimum Yield Diversified Commodity Strate... | 0.03 | 0.13 | 0.17 | 74 | Commodities | BAP vs PDBC | |
| ProShares UltraPro QQQ | 0.38 | 0.36 | 0.36 | 71 | Leveraged Equities | BAP vs TQQQ | |
| Vanguard S&P 500 ETF | 0.41 | 0.41 | 0.42 | 70 | S&P 500 | BAP vs VOO | |
| State Street SPDR S&P 500 ETF | 0.41 | 0.41 | 0.42 | 70 | 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 0.09, down from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Warner Bros. Discovery, Inc. | 0.09 | 0.20 | 0.28 | 97 | Communication Services | |
| AstraZeneca PLC | 0.11 | 0.16 | 0.17 | 70 | Healthcare | |
| Brookdale Senior Living Inc. | 0.12 | 0.18 | 0.26 | 86 | Healthcare | |
| E.ON SE ADR | 0.13 | 0.17 | 0.20 | 70 | Utilities | |
| Commercial International Bank | 0.13 | 0.09 | 0.10 | 82 | Financial Services |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements BAP
Add BAP to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with BAP