Looking to balance out your exposure to BCAT? The ETFs below have the lowest correlation with BCAT — they tend to move on their own, which can help reduce risk when BCAT drops. The stock ideas table highlights individual companies that behave independently from BCAT.
Best Diversifiers for BCAT
9 ETFs have low correlation with BCAT (below 0.3), 2 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Credit Suisse X-Links Crude Oil Shares Covered Cal... | -0.23 | — | — | 64 | Commodities | BCAT vs USOI | |
| First Trust Global Tactical Commodity Strategy Fun... | -0.02 | 0.10 | 0.13 | 81 | Commodities | BCAT vs FTGC | |
| VanEck CLO ETF | 0.07 | 0.07 | — | 97 | CLO | BCAT vs CLOI | |
| Invesco Aaa CLO Floating Rate Note ETF | 0.16 | 0.10 | — | 97 | CLO | BCAT vs ICLO | |
| PGIM AAA CLO ETF | 0.16 | — | — | 99 | CLO | BCAT vs PAAA |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BCAT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BCAT and solid risk/return profiles. The least correlated is Repsol SA (REPYY) (Energy) with a 1Y correlation of -0.01, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Repsol SA | -0.01 | 0.15 | 0.19 | 95 | Energy | |
| LTC Properties, Inc. | 0.00 | 0.17 | 0.19 | 50 | Real Estate | |
| Black Hills Corporation | 0.01 | 0.14 | 0.19 | 77 | Utilities | |
| EDP Energias de Portugal SA ADR | 0.14 | 0.19 | 0.24 | 76 | Utilities | |
| Bancolombia S.A. | 0.15 | 0.22 | 0.25 | 85 | Financial Services |
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