Looking to diversify beyond BAR? The ETFs below have the lowest correlation with BAR — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from BAR.
Best Diversifiers for BAR
1468 ETFs have low correlation with BAR (below 0.3), 39 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.27, down from -0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.27 | -0.13 | -0.15 | 53 | Cryptocurrency | BAR vs BITI | |
| Defiance Daily Target 2X Short MSTR ETF | -0.24 | -0.18 | -0.18 | 56 | Inverse Equities | BAR vs SMST | |
| ProShares UltraShort Yen | -0.23 | -0.27 | -0.38 | 72 | Leveraged Currency | BAR vs YCS | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.23 | — | — | 65 | Inverse Equities, Leveraged Equities | BAR vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.22 | — | — | 70 | Derivative Income | BAR vs WNTR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BAR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BAR and solid risk/return profiles. The least correlated is Verizon Communications Inc. (VZ) (Communication Services) with a 1Y correlation of -0.04, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Verizon Communications Inc. | -0.04 | 0.06 | 0.08 | 57 | Communication Services | |
| The Coca-Cola Company | -0.01 | 0.05 | 0.07 | 82 | Consumer Defensive | |
| Exxon Mobil Corporation | 0.00 | 0.07 | 0.11 | 76 | Energy | |
| American Express Company | 0.07 | 0.07 | 0.06 | 57 | Financial Services | |
| The Bank of New York Mellon Corporation | 0.11 | 0.06 | 0.07 | 96 | Financial Services |
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Build a portfolio that complements BAR
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