Looking to balance out your exposure to BGR? The ETFs below have historically moved differently from BGR, 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 BGR
6 ETFs have low correlation with BGR (below 0.3), 3 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of -0.04, down from 0.31 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | -0.04 | 0.18 | 0.31 | 78 | S&P 500 | BGR vs SPY | |
| Global X NASDAQ 100 Covered Call ETF | -0.03 | 0.12 | 0.22 | 87 | Nasdaq-100, Derivative Income | BGR vs QYLD | |
| JPMorgan Nasdaq Equity Premium Income ETF | -0.02 | 0.12 | — | 66 | Nasdaq-100, Derivative Income | BGR vs JEPQ | |
| JPMorgan Equity Premium Income ETF | 0.03 | 0.23 | 0.30 | 56 | Dividend, Derivative Income | BGR vs JEPI | |
| SonicShares Global Shipping ETF | 0.21 | 0.32 | — | 93 | Industrials Equities, Global Equities | BGR vs BOAT |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BGR, 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 Nuveen AMT-Free Quality Municipal Income Fund (NEA) (Financial Services) with a 1Y correlation of -0.14, down from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Nuveen AMT-Free Quality Municipal Income Fund | -0.14 | 0.02 | 0.09 | 76 | Financial Services | |
| Omega Healthcare Investors, Inc. | -0.08 | 0.03 | 0.13 | 86 | Real Estate | |
| BlackRock Health Sciences Trust II | -0.08 | 0.15 | 0.20 | 80 | Financial Services | |
| BlackRock Science and Technology Trust | -0.05 | 0.13 | 0.24 | 84 | Financial Services | |
| BlackRock Enhanced Large Cap Core Fund, Inc. | -0.04 | 0.17 | 0.29 | 89 |
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