Looking to balance out your exposure to BCAT? The ETFs below have historically moved differently from BCAT, 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 BCAT
18 ETFs have low correlation with BCAT (below 0.3), 4 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax MSTR Short Option Income Strategy ETF | -0.37 | — | — | 58 | Derivative Income | BCAT vs WNTR | |
| Alerian MLP ETF | -0.05 | 0.21 | 0.31 | 55 | MLPs | BCAT vs AMLP | |
| iShares 0-3 Month Treasury Bond ETF | -0.03 | 0.02 | 0.05 | 100 | Ultrashort Bond | BCAT vs SGOV | |
| abrdn Bloomberg All Commodity Strategy K-1 Free ET... | -0.00 | 0.07 | 0.12 | 64 | Commodities | BCAT vs BCI | |
| First Trust Global Tactical Commodity Strategy Fun... | 0.01 | 0.08 | 0.13 | 82 | Commodities | BCAT vs FTGC |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BCAT, 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 Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of -0.08, down from 0.33 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | -0.08 | 0.16 | 0.33 | 66 | Financial Services | |
| American States Water Company | -0.08 | 0.05 | 0.15 | 70 | Utilities | |
| LTC Properties, Inc. | -0.08 | 0.14 | 0.18 | 69 | Real Estate | |
| Energy Transfer LP | -0.06 | 0.18 | 0.26 | 82 | Energy | |
| American Healthcare REIT, Inc. | -0.06 | 0.14 | 0.14 | 85 | Real Estate |
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