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
1491 ETFs have low correlation with BAR (below 0.3), 27 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.23, up from -0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.23 | -0.28 | -0.38 | 63 | Leveraged Currency | BAR vs YCS | |
| TCW AAA CLO ETF | -0.13 | — | — | 99 | CLO | BAR vs ACLO | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.12 | — | — | 97 | Inflation-Protected Bonds | BAR vs RBIL | |
| First Trust Merger Arbitrage ETF | -0.10 | 0.02 | 0.01 | 59 | Long-Short | BAR vs MARB | |
| PIMCO Enhanced Short Maturity Active ETF | -0.09 | -0.04 | 0.10 | 100 | Ultrashort Bond | BAR vs MINT |
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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 -0.06, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Verizon Communications Inc. | -0.06 | 0.05 | 0.08 | 66 | Communication Services | |
| The Coca-Cola Company | -0.01 | 0.05 | 0.07 | 74 | Consumer Defensive | |
| Exxon Mobil Corporation | 0.00 | 0.08 | 0.11 | 72 | Energy | |
| American Express Company | 0.04 | 0.06 | 0.06 | 56 | Financial Services | |
| The Bank of New York Mellon Corporation | 0.09 | 0.07 | 0.06 | 96 | Financial Services |
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Build a portfolio that complements BAR
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