Looking to balance out your exposure to BBD? The ETFs below have the lowest correlation with BBD — they tend to move on their own, which can help reduce risk when BBD drops. The stock ideas table highlights individual companies that behave independently from BBD.
Best Diversifiers for BBD
2 ETFs have low correlation with BBD (below 0.3), 0 of which are negatively correlated. The least correlated is Schwab U.S. Dividend Equity ETF (SCHD) (Dividend) with a 1Y correlation of 0.23, roughly unchanged from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.23 | 0.24 | 0.29 | 85 | Dividend | BBD vs SCHD | |
| T-Rex 2X Long Alphabet Daily Target ETF | 0.28 | — | — | 94 | Leveraged Bonds | BBD vs GOOX | |
| Vanguard S&P 500 Growth ETF | 0.43 | 0.29 | 0.27 | 60 | S&P 500, Large Cap Growth Equities | BBD vs VOOG | |
| State Street SPDR S&P 500 ETF | 0.46 | 0.34 | 0.32 | 74 | S&P 500 | BBD vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BBD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BBD and solid risk/return profiles. The least correlated is MSCI Inc. (MSCI) (Financial Services) with a 1Y correlation of 0.06, roughly unchanged from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| MSCI Inc. | 0.06 | 0.13 | 0.16 | 53 | Financial Services | |
| International Business Machines Corporation | 0.10 | 0.14 | 0.17 | 54 | Technology | |
| Dell Technologies Inc. | 0.15 | 0.09 | 0.16 | 96 | Technology | |
| Apple Inc | 0.19 | 0.21 | 0.21 | 90 | Technology | |
| Wells Fargo & Company | 0.25 | 0.22 | 0.27 | 51 | Financial Services |
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