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 0.26, 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 | 0.26 | 0.25 | 0.29 | 87 | Dividend | BBD vs SCHD | |
| T-Rex 2X Long Alphabet Daily Target ETF | 0.28 | — | — | 93 | Leveraged Bonds | BBD vs GOOX | |
| State Street SPDR S&P 500 ETF | 0.45 | 0.34 | 0.32 | 63 | 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 Dell Technologies Inc. (DELL) (Technology) with a 1Y correlation of 0.15, roughly unchanged from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Dell Technologies Inc. | 0.15 | 0.09 | 0.16 | 96 | Technology | |
| Apple Inc | 0.16 | 0.19 | 0.18 | 83 | Technology | |
| NVIDIA Corporation | 0.23 | 0.16 | 0.16 | 66 | Technology | |
| Advanced Micro Devices, Inc. | 0.25 | 0.19 | 0.20 | 97 | Technology | |
| Wells Fargo & Company | 0.28 | 0.23 | 0.27 | 52 | Financial Services |
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