Looking to balance out your exposure to BBDC? The ETFs below have historically moved differently from BBDC, 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 BBDC
7 ETFs have low correlation with BBDC (below 0.3), 1 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 | -0.24 | — | — | 58 | Derivative Income | BBDC vs WNTR | |
| Alerian MLP ETF | 0.04 | 0.25 | 0.34 | 55 | MLPs | BBDC vs AMLP | |
| Eldridge BBB-B CLO ETF | 0.11 | 0.12 | — | 55 | CLO | BBDC vs CLOZ | |
| JPMorgan Ultra-Short Income ETF | 0.14 | 0.12 | 0.07 | 99 | Ultrashort Bond | BBDC vs JPST | |
| Janus Henderson AAA CLO ETF | 0.16 | 0.10 | 0.09 | 99 | CLO | BBDC vs JAAA |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BBDC, 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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.08, down from 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.08 | 0.08 | 0.14 | 63 | Consumer Defensive | |
| VeriSign, Inc. | 0.04 | 0.14 | 0.23 | 53 | Technology | |
| Chubb Limited | 0.04 | 0.12 | 0.22 | 87 | Financial Services | |
| Nestlé S.A. | 0.06 | 0.12 | 0.15 | 66 | Consumer Defensive | |
| Centene Corporation | 0.07 | 0.08 | 0.11 | 95 | Healthcare |
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