Looking to diversify beyond BBP? The ETFs below have historically moved differently from BBP, 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 BBP
612 ETFs have low correlation with BBP (below 0.3), 100 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.30, roughly unchanged from -0.28 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.30 | -0.27 | -0.28 | 61 | Cryptocurrency | BBP vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.30 | -0.31 | -0.31 | 55 | Cryptocurrency, Leveraged Cryptocurrency | BBP vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.29 | — | — | 61 | Inverse Equities, Leveraged Equities | BBP vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.29 | — | — | 52 | Inverse Equities | BBP vs SMST | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.27 | — | — | 75 | Derivative Income | BBP vs WNTR |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BBP, 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 Welltower Inc. (WELL) (Real Estate) with a 1Y correlation of 0.18, roughly unchanged from 0.26 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Welltower Inc. | 0.18 | 0.23 | 0.26 | 89 | Real Estate | |
| Penguin Solutions, Inc | 0.26 | 0.33 | 0.38 | 84 | Technology | |
| 10x Genomics, Inc. | 0.38 | 0.45 | 0.51 | 97 | Healthcare |
Build a portfolio that complements BBP
Add BBP to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with BBP