Looking to balance out your exposure to BBDC? The ETFs below have the lowest correlation with BBDC — they tend to move on their own, which can help reduce risk when BBDC drops. The stock ideas table highlights individual companies that behave independently from BBDC.
Best Diversifiers for BBDC
10 ETFs have low correlation with BBDC (below 0.3), 1 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.11, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.11 | -0.02 | 0.07 | 66 | Oil & Gas | BBDC vs USO | |
| abrdn Physical Silver Shares ETF | 0.01 | 0.08 | 0.12 | 51 | Silver, Precious Metals | BBDC vs SIVR | |
| Panagram Bbb-B Clo ETF | 0.10 | 0.12 | 0.11 | 53 | CLO | BBDC vs CLOZ | |
| JPMorgan Ultra-Short Income ETF | 0.13 | 0.12 | 0.06 | 99 | Ultrashort Bond | BBDC vs JPST | |
| Janus Henderson AAA CLO ETF | 0.17 | 0.12 | 0.09 | 98 | CLO | BBDC vs JAAA |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BBDC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BBDC and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.09, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.09 | 0.10 | 0.16 | 73 | Consumer Defensive | |
| The Hershey Company | -0.03 | 0.06 | 0.09 | 58 | Consumer Defensive | |
| Chubb Limited | 0.06 | 0.13 | 0.23 | 57 | Financial Services | |
| China Yuchai International Limited | 0.09 | 0.08 | 0.19 | 95 | Industrials | |
| Cohen & Steers Infrastructure Fund, Inc | 0.17 | 0.24 | 0.31 | 66 | Financial Services |
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