Looking to balance out your exposure to BG? The ETFs below have the lowest correlation with BG — they tend to move on their own, which can help reduce risk when BG drops. The stock ideas table highlights individual companies that behave independently from BG.
Best Diversifiers for BG
14 ETFs have low correlation with BG (below 0.3), 1 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of -0.03, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | -0.03 | 0.04 | 0.14 | 73 | Nasdaq-100 | BG vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.01 | 0.13 | 0.24 | 70 | S&P 500 | BG vs SPY | |
| iShares Interest Rate Hedged High Yield Bond ETF | 0.11 | 0.16 | 0.24 | 73 | High Yield Bonds | BG vs HYGH | |
| Nomura Focused Emerging Markets Equity ETF | 0.12 | — | — | 96 | Emerging Markets Diversified | BG vs EMEQ | |
| Fidelity High Dividend ETF | 0.14 | 0.24 | 0.36 | 64 | Large Cap Blend Equities, Dividend | BG vs FDVV |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BG and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.12, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.12 | -0.07 | 0.06 | 78 | Technology | |
| General Electric Company | -0.12 | 0.03 | 0.19 | 65 | Industrials | |
| The TJX Companies, Inc. | -0.09 | 0.08 | 0.18 | 78 | Consumer Cyclical | |
| Fortinet, Inc. | -0.05 | 0.00 | 0.11 | 66 | Technology | |
| Synchrony Financial | -0.04 | 0.14 | 0.25 | 56 | Financial Services |
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