Looking to balance out your exposure to BE? The ETFs below have the lowest correlation with BE — they tend to move on their own, which can help reduce risk when BE drops. The stock ideas table highlights individual companies that behave independently from BE.
Best Diversifiers for BE
96 ETFs have low correlation with BE (below 0.3), 16 of which are negatively correlated. The least correlated is Vanguard Short-Term Treasury ETF (VGSH) (Government Bonds) with a 1Y correlation of -0.12, down from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Short-Term Treasury ETF | -0.12 | -0.01 | 0.03 | 82 | Government Bonds, Short-Term Bond | BE vs VGSH | |
| Vanguard Short-Term Inflation-Protected Securities... | -0.10 | 0.04 | 0.10 | 93 | Inflation-Protected Bonds | BE vs VTIP | |
| iShares 0-5 Year TIPS Bond ETF | -0.09 | 0.05 | 0.10 | 93 | Inflation-Protected Bonds | BE vs STIP | |
| iShares 0-1 Year Treasury Bond ETF | -0.07 | 0.01 | 0.01 | 100 | Government Bonds, Ultrashort Bond | BE vs SHV | |
| iShares 0-3 Month Treasury Bond ETF | -0.07 | -0.03 | -0.01 | 100 | Ultrashort Bond | BE vs SGOV |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BE and solid risk/return profiles. The least correlated is Consolidated Edison, Inc. (ED) (Utilities) with a 1Y correlation of -0.17, down from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Consolidated Edison, Inc. | -0.17 | -0.04 | -0.01 | 53 | Utilities | |
| The Coca-Cola Company | -0.15 | -0.05 | 0.02 | 68 | Consumer Defensive | |
| Duke Energy Corporation | -0.11 | 0.01 | 0.01 | 61 | Utilities | |
| PepsiCo, Inc. | -0.11 | -0.04 | 0.01 | 59 | Consumer Defensive | |
| The Southern Company | -0.07 | 0.02 | 0.04 | 54 | Utilities |
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