Looking to balance out your exposure to BGR? The ETFs below have the lowest correlation with BGR — they tend to move on their own, which can help reduce risk when BGR drops. The stock ideas table highlights individual companies that behave independently from BGR.
Best Diversifiers for BGR
3 ETFs have low correlation with BGR (below 0.3), 2 of which are negatively correlated. The least correlated is Global X NASDAQ 100 Covered Call ETF (QYLD) (Nasdaq-100) with a 1Y correlation of -0.05, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X NASDAQ 100 Covered Call ETF | -0.05 | 0.12 | 0.23 | 88 | Nasdaq-100, Derivative Income | BGR vs QYLD | |
| JPMorgan Nasdaq Equity Premium Income ETF | -0.03 | 0.12 | — | 74 | Nasdaq-100, Derivative Income | BGR vs JEPQ | |
| State Street SPDR S&P 500 ETF | 0.00 | 0.21 | 0.33 | 70 | S&P 500 | BGR vs SPY | |
| Schwab U.S. Dividend Equity ETF | 0.36 | 0.44 | 0.48 | 80 | Dividend | BGR vs SCHD | |
| First Trust Alternative Absolute Return Strategy E... | 0.48 | 0.34 | 0.37 | 90 | Commodities | BGR vs FAAR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BGR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BGR and solid risk/return profiles. The least correlated is BlackRock Science and Technology Trust (BST) (Financial Services) with a 1Y correlation of -0.06, down from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BlackRock Science and Technology Trust | -0.06 | 0.14 | 0.26 | 88 | Financial Services | |
| BlackRock Science and Technology Trust II | -0.01 | 0.22 | 0.27 | 95 | Financial Services |
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