Looking to diversify beyond BAPR? The ETFs below have historically moved differently from BAPR, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for BAPR
381 ETFs have low correlation with BAPR (below 0.3), 84 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax MSTR Short Option Income Strategy ETF | -0.49 | — | — | 69 | Derivative Income | BAPR vs WNTR | |
| ProShares Short Bitcoin ETF | -0.47 | -0.36 | — | 51 | Cryptocurrency | BAPR vs BITI | |
| Invesco DB Energy Fund | -0.28 | -0.07 | 0.08 | 66 | Oil & Gas | BAPR vs DBE | |
| Invesco DB Oil Fund | -0.24 | -0.05 | 0.07 | 51 | Oil & Gas | BAPR vs DBO | |
| United States Gasoline Fund, LP | -0.22 | -0.06 | 0.06 | 83 | Oil & Gas | BAPR vs UGA |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BAPR, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Vertiv Holdings Co. (VRT) (Industrials) with a 1Y correlation of 0.53, roughly unchanged from 0.60 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Vertiv Holdings Co. | 0.53 | 0.55 | 0.60 | 81 | Industrials |
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