Looking to diversify beyond BBP? The ETFs below have the lowest correlation with BBP — 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 BBP.
Best Diversifiers for BBP
395 ETFs have low correlation with BBP (below 0.3), 40 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.28, down from -0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.28 | -0.11 | -0.08 | 61 | Leveraged Currency | BBP vs YCS | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.20 | — | — | 97 | Inflation-Protected Bonds | BBP vs RBIL | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.17 | — | — | 98 | Inflation-Protected Bonds | BBP vs IBIC | |
| iShares 0-3 Month Treasury Bond ETF | -0.16 | -0.07 | -0.03 | 100 | Ultrashort Bond | BBP vs SGOV | |
| TCW AAA CLO ETF | -0.14 | — | — | 99 | CLO | BBP vs ACLO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BBP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BBP and solid risk/return profiles. The least correlated is 10x Genomics, Inc. (TXG) (Healthcare) with a 1Y correlation of 0.39, down from 0.52 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| 10x Genomics, Inc. | 0.39 | 0.46 | 0.52 | 93 | Healthcare |
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