Looking to balance out your exposure to BBY? The ETFs below have historically moved differently from BBY, 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 BBY
8 ETFs have low correlation with BBY (below 0.3), 0 of which are negatively correlated. The least correlated is Global X Lithium & Battery Tech ETF (LIT) (Lithium & Battery Metals) with a 1Y correlation of 0.15, down from 0.34 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X Lithium & Battery Tech ETF | 0.15 | 0.29 | 0.34 | 74 | Lithium & Battery Metals | BBY vs LIT | |
| State Street Technology Select Sector SPDR ETF | 0.15 | 0.28 | 0.40 | 61 | Technology Equities | BBY vs XLK | |
| Global X Artificial Intelligence & Technology ETF | 0.15 | 0.31 | 0.42 | 51 | Artificial Intelligence, Technology Equities | BBY vs AIQ | |
| Invesco QQQ ETF | 0.18 | 0.32 | 0.43 | 55 | Nasdaq-100 | BBY vs QQQ | |
| JPMorgan Nasdaq Equity Premium Income ETF | 0.19 | 0.31 | — | 60 | Nasdaq-100, Derivative Income | BBY vs JEPQ |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BBY, 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 Pembina Pipeline Corporation (PBA) (Energy) with a 1Y correlation of -0.14, down from 0.22 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Pembina Pipeline Corporation | -0.14 | 0.14 | 0.22 | 86 | Energy | |
| Enterprise Products Partners L.P. | -0.09 | 0.14 | 0.23 | 88 | Energy | |
| Energy Transfer LP | -0.09 | 0.14 | 0.22 | 82 | Energy | |
| Philip Morris International Inc. | -0.08 | 0.05 | 0.14 | 63 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.08 | 0.11 | 0.17 | 85 | Energy |
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