Looking to diversify beyond BCD? The ETFs below have historically moved differently from BCD, 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 BCD
2123 ETFs have low correlation with BCD (below 0.3), 1035 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Municipal Bond Opportunities ETF | -0.27 | — | — | 76 | Municipal Bonds | BCD vs FMUB | |
| BondBloxx IR+M Tax-Aware ETF for Massachusetts Res... | -0.25 | — | — | 63 | Municipal Bonds | BCD vs TAXM | |
| IQ MacKay Municipal Insured ETF | -0.25 | -0.07 | -0.02 | 83 | Municipal Bonds | BCD vs MMIN | |
| Macquarie Tax-Free USA Short Term ETF | -0.25 | -0.14 | -0.14 | 82 | Municipal Bonds | BCD vs STAX | |
| Schwab Municipal Bond ETF | -0.24 | -0.08 | -0.04 | 67 | Municipal Bonds | BCD vs SCMB |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BCD, 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 Visa Inc. (V) (Financial Services) with a 1Y correlation of -0.16, down from 0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Visa Inc. | -0.16 | -0.08 | 0.05 | 53 | Financial Services | |
| Eli Lilly and Company | -0.12 | -0.04 | -0.01 | 83 | Healthcare | |
| Apple Inc | -0.08 | 0.03 | 0.08 | 89 | Technology | |
| General Electric Company | -0.07 | 0.00 | 0.11 | 74 | Industrials | |
| Altria Group, Inc. | -0.07 | -0.04 | 0.07 | 66 | Consumer Defensive |
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