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
5 ETFs have low correlation with BBDC (below 0.3), 1 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax Short MSTR Option Income Strategy ETF | -0.25 | — | — | 51 | Derivative Income | BBDC vs WNTR | |
| Janus Henderson AAA CLO ETF | 0.16 | 0.12 | 0.09 | 98 | CLO | BBDC vs JAAA | |
| JPMorgan Ultra-Short Income ETF | 0.16 | 0.13 | 0.07 | 99 | Ultrashort Bond | BBDC vs JPST | |
| Schwab U.S. Dividend Equity ETF | 0.26 | 0.37 | 0.44 | 77 | Dividend | BBDC vs SCHD | |
| JPMorgan Nasdaq Equity Premium Income ETF | 0.26 | 0.28 | — | 64 | Nasdaq-100, Derivative Income | BBDC vs JEPQ |
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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 -0.11, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.11 | 0.08 | 0.14 | 74 | Consumer Defensive | |
| The Hershey Company | -0.04 | 0.07 | 0.09 | 51 | Consumer Defensive | |
| Chubb Limited | 0.04 | 0.12 | 0.23 | 72 | Financial Services | |
| Centene Corporation | 0.07 | 0.07 | 0.12 | 52 | Healthcare | |
| China Yuchai International Limited | 0.09 | 0.08 | 0.19 | 84 | Industrials |
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