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
102 ETFs have low correlation with BE (below 0.3), 24 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Ultra-Short Treasury ETF | -0.15 | — | — | 100 | Ultrashort Bond, Government Bonds | BE vs VGUS | |
| Franklin U.S. Low Volatility High Dividend Index E... | -0.12 | 0.12 | 0.21 | 60 | Dividend | BE vs LVHD | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.11 | -0.06 | -0.02 | 100 | Government Bonds, Ultrashort Bond | BE vs BIL | |
| WisdomTree Floating Rate Treasury Fund | -0.09 | -0.02 | -0.03 | 100 | Government Bonds, Ultrashort Bond | BE vs USFR | |
| Vanguard Short-Term Treasury ETF | -0.09 | -0.01 | 0.03 | 89 | Government Bonds, Short-Term Bond | BE vs VGSH |
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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 -0.24, down from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Consolidated Edison, Inc. | -0.24 | -0.06 | -0.02 | 70 | Utilities | |
| The Coca-Cola Company | -0.23 | -0.07 | 0.00 | 84 | Consumer Defensive | |
| Waste Management, Inc. | -0.19 | -0.06 | 0.04 | 56 | Industrials | |
| Duke Energy Corporation | -0.17 | -0.02 | 0.01 | 64 | Utilities | |
| Verizon Communications Inc. | -0.15 | -0.00 | 0.04 | 61 | Communication Services |
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