Looking to diversify beyond BBEM? The ETFs below have the lowest correlation with BBEM — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from BBEM.
Best Diversifiers for BBEM
385 ETFs have low correlation with BBEM (below 0.3), 79 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.32, down from -0.00 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.32 | -0.00 | — | 66 | Oil & Gas | BBEM vs USO | |
| Defiance Oil Enhanced Options Income ETF | -0.30 | -0.04 | -0.04 | 56 | Derivative Income | BBEM vs USOY | |
| ProShares UltraShort Yen | -0.30 | -0.18 | -0.18 | 63 | Leveraged Currency | BBEM vs YCS | |
| United States Brent Oil Fund LP | -0.29 | 0.01 | 0.02 | 65 | Oil & Gas | BBEM vs BNO | |
| Invesco DB Energy Fund | -0.29 | 0.01 | 0.02 | 71 | Oil & Gas | BBEM vs DBE |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BBEM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BBEM and solid risk/return profiles. The least correlated is Pan American Silver Corp. (PAAS) (Basic Materials) with a 1Y correlation of 0.39, roughly unchanged from 0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Pan American Silver Corp. | 0.39 | 0.40 | 0.40 | 86 | Basic Materials |
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