Looking to diversify beyond BCD? The ETFs below have the lowest correlation with BCD — 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 BCD.
Best Diversifiers for BCD
2075 ETFs have low correlation with BCD (below 0.3), 1266 of which are negatively correlated. The least correlated is iShares Yield Optimized Bond ETF (BYLD) (Intermediate Core-Plus Bond) with a 1Y correlation of -0.26, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Yield Optimized Bond ETF | -0.26 | -0.00 | 0.04 | 57 | Intermediate Core-Plus Bond | BCD vs BYLD | |
| iShares Investment Grade Corporate Bond Buywrite S... | -0.26 | -0.04 | 0.01 | 57 | Corporate Bonds | BCD vs LQDW | |
| Avantis Credit ETF | -0.26 | -0.25 | -0.25 | 54 | Global Bonds | BCD vs AVGB | |
| BondBloxx IR+M Tax-Aware ETF for Massachusetts Res... | -0.25 | -0.18 | -0.18 | 68 | Municipal Bonds | BCD vs TAXM | |
| IQ MacKay Municipal Insured ETF | -0.24 | -0.04 | -0.02 | 70 | Municipal Bonds | BCD vs MMIN |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BCD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BCD and solid risk/return profiles. The least correlated is Apple Inc (AAPL) (Technology) with a 1Y correlation of -0.09, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Apple Inc | -0.09 | 0.03 | 0.09 | 90 | Technology | |
| Honeywell International Inc | -0.07 | 0.04 | 0.15 | 56 | Industrials | |
| General Electric Company | -0.06 | 0.04 | 0.13 | 66 | Industrials | |
| Arm Holdings plc American Depositary Shares | -0.06 | 0.08 | 0.08 | 92 | Technology | |
| Union Pacific Corporation | -0.04 | 0.04 | 0.16 | 71 | Industrials |
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