Looking to diversify beyond BBJP? The ETFs below have historically moved differently from BBJP, 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 BBJP
384 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 -0.34, roughly unchanged from -0.27 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.34 | -0.25 | -0.27 | 59 | Leveraged Currency | BBJP vs YCS | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.33 | — | — | 63 | Derivative Income | BBJP vs WNTR | |
| Invesco DB Energy Fund | -0.26 | -0.08 | 0.05 | 53 | Oil & Gas | BBJP vs DBE | |
| United States Gasoline Fund, LP | -0.21 | -0.07 | 0.06 | 74 | Oil & Gas | BBJP vs UGA | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.20 | — | — | 97 | Inflation-Protected Bonds | BBJP vs RBIL |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BBJP, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Visa Inc. (V) (Financial Services) with a 1Y correlation of 0.03, down from 0.35 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Visa Inc. | 0.03 | 0.22 | 0.35 | 54 | Financial Services | |
| Eli Lilly and Company | 0.15 | 0.22 | 0.22 | 77 | Healthcare | |
| UnitedHealth Group Incorporated | 0.16 | 0.09 | 0.18 | 86 | Healthcare | |
| Amazon.com, Inc | 0.23 | 0.30 | 0.38 | 70 | Consumer Cyclical | |
| Apple Inc | 0.27 | 0.31 | 0.41 | 90 | Technology |
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