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
88 ETFs have low correlation with BE (below 0.3), 13 of which are negatively correlated. The least correlated is Vanguard Short-Term Treasury ETF (VGSH) (Government Bonds) with a 1Y correlation of -0.09, 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 | -0.09 | -0.01 | 0.03 | 84 | Government Bonds, Short-Term Bond | BE vs VGSH | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.08 | -0.05 | -0.01 | 100 | Government Bonds, Ultrashort Bond | BE vs BIL | |
| Vanguard Short-Term Inflation-Protected Securities... | -0.07 | 0.04 | 0.09 | 89 | Inflation-Protected Bonds | BE vs VTIP | |
| iShares 0-3 Month Treasury Bond ETF | -0.06 | -0.02 | -0.01 | 100 | Ultrashort Bond | BE vs SGOV | |
| iShares Ultra Short Duration Bond Active ETF | -0.06 | 0.03 | 0.08 | 99 | Ultrashort Bond | BE vs ICSH |
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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 The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.19, down from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.19 | -0.06 | 0.01 | 76 | Consumer Defensive | |
| Consolidated Edison, Inc. | -0.17 | -0.04 | -0.01 | 70 | Utilities | |
| PepsiCo, Inc. | -0.12 | -0.03 | 0.01 | 61 | Consumer Defensive | |
| Duke Energy Corporation | -0.11 | 0.01 | 0.01 | 67 | Utilities | |
| Verizon Communications Inc. | -0.10 | 0.03 | 0.05 | 66 | Communication Services |
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