Looking to diversify beyond BBHM? The ETFs below have historically moved differently from BBHM, 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 BBHM
216 ETFs have low correlation with BBHM (below 0.3), 47 of which are negatively correlated. The least correlated is Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) (Commodities) with a 1Y correlation of -0.23, roughly unchanged from -0.23 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Optimum Yield Diversified Commodity Strate... | -0.23 | -0.23 | -0.23 | 60 | Commodities | BBHM vs PDBC | |
| MicroSectors U.S. Big Oil Index 3X Leveraged ETN | -0.17 | -0.17 | -0.17 | 53 | Leveraged Equities | BBHM vs NRGU | |
| United States Commodity Index Fund | -0.17 | -0.17 | -0.17 | 76 | Commodities | BBHM vs USCI | |
| Tortoise North American Pipeline Fund | -0.16 | -0.16 | -0.16 | 61 | MLPs, Energy Equities | BBHM vs TPYP | |
| State Street Energy Select Sector SPDR ETF | -0.16 | -0.16 | -0.16 | 61 | Energy Equities | BBHM vs XLE |
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