Looking to balance out your exposure to BBW? The ETFs below have the lowest correlation with BBW — they tend to move on their own, which can help reduce risk when BBW drops. The stock ideas table highlights individual companies that behave independently from BBW.
Best Diversifiers for BBW
1 ETFs have low correlation with BBW (below 0.3), 0 of which are negatively correlated. The least correlated is ProShares UltraPro QQQ (TQQQ) (Leveraged Equities) with a 1Y correlation of 0.28, roughly unchanged from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraPro QQQ | 0.28 | 0.31 | 0.36 | 71 | Leveraged Equities | BBW vs TQQQ | |
| Vanguard S&P 500 ETF | 0.34 | 0.37 | 0.41 | 70 | S&P 500 | BBW vs VOO | |
| State Street SPDR S&P 500 ETF | 0.34 | 0.37 | 0.41 | 70 | S&P 500 | BBW vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BBW, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BBW and solid risk/return profiles. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.10, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.10 | -0.01 | 0.07 | 66 | Consumer Defensive | |
| Apple Inc | 0.07 | 0.17 | 0.25 | 89 | Technology | |
| Enerflex Ltd. | 0.10 | 0.18 | 0.17 | 99 | Energy | |
| Palo Alto Networks, Inc. | 0.10 | 0.17 | 0.21 | 67 | Technology | |
| Zijin Mining Group Co Ltd ADR | 0.11 | 0.01 | 0.02 | 81 | Basic Materials |
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