Looking to diversify beyond BBHY? The ETFs below have the lowest correlation with BBHY — 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 BBHY.
Best Diversifiers for BBHY
200 ETFs have low correlation with BBHY (below 0.3), 75 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.47, roughly unchanged from -0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.47 | -0.40 | -0.42 | 51 | Currency | BBHY vs UUP | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.42 | -0.41 | -0.41 | 68 | Inverse Equities, Leveraged Equities | BBHY vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.41 | -0.41 | -0.41 | 60 | Inverse Equities | BBHY vs SMST | |
| ProShares Short Bitcoin ETF | -0.40 | -0.32 | -0.33 | 57 | Cryptocurrency | BBHY vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.40 | -0.38 | -0.38 | 52 | Cryptocurrency, Leveraged Cryptocurrency | BBHY vs SBIT |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BBHY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BBHY and solid risk/return profiles. The least correlated is Suncor Energy Inc. (SU) (Energy) with a 1Y correlation of -0.11, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Suncor Energy Inc. | -0.11 | 0.09 | 0.19 | 89 | Energy | |
| Valero Energy Corporation | -0.07 | 0.10 | 0.15 | 95 | Energy | |
| Marathon Petroleum Corporation | -0.02 | 0.14 | 0.21 | 90 | Energy | |
| Cardinal Health, Inc. | 0.08 | 0.11 | 0.20 | 85 | Healthcare | |
| NVIDIA Corporation | 0.27 | 0.33 | 0.46 | 65 | Technology |
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