Looking to diversify beyond BBJP? The ETFs below have the lowest correlation with BBJP — 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 BBJP.
Best Diversifiers for BBJP
397 ETFs have low correlation with BBJP (below 0.3), 68 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.40, down from -0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.40 | -0.26 | -0.27 | 61 | Leveraged Currency | BBJP vs YCS | |
| United States Oil Fund LP | -0.30 | -0.06 | 0.07 | 66 | Oil & Gas | BBJP vs USO | |
| Invesco DB Energy Fund | -0.30 | -0.06 | 0.07 | 71 | Oil & Gas | BBJP vs DBE | |
| United States Brent Oil Fund LP | -0.29 | -0.05 | 0.07 | 65 | Oil & Gas | BBJP vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.26 | — | — | 56 | Derivative Income | BBJP vs USOY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BBJP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BBJP and solid risk/return profiles. The least correlated is Eli Lilly and Company (LLY) (Healthcare) with a 1Y correlation of 0.21, roughly unchanged from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eli Lilly and Company | 0.21 | 0.23 | 0.24 | 72 | Healthcare | |
| UnitedHealth Group Incorporated | 0.23 | 0.09 | 0.20 | 61 | Healthcare | |
| Apple Inc | 0.28 | 0.33 | 0.42 | 89 | Technology | |
| Amazon.com, Inc | 0.29 | 0.37 | 0.43 | 60 | Consumer Cyclical | |
| NVIDIA Corporation | 0.32 | 0.36 | 0.44 | 78 | Technology |
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