Looking to balance out your exposure to BGS? The ETFs below have the lowest correlation with BGS — they tend to move on their own, which can help reduce risk when BGS drops. The stock ideas table highlights individual companies that behave independently from BGS.
Best Diversifiers for BGS
2 ETFs have low correlation with BGS (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.11, roughly unchanged from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.11 | 0.09 | 0.14 | 62 | Nasdaq-100 | BGS vs QQQ | |
| NEOS S&P 500 High Income ETF | 0.20 | 0.17 | — | 66 | Derivative Income, S&P 500 | BGS vs SPYI | |
| Schwab U.S. Dividend Equity ETF | 0.37 | 0.40 | 0.38 | 83 | Dividend | BGS vs SCHD |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BGS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BGS and solid risk/return profiles. The least correlated is Marvell Technology, Inc. (MRVL) (Technology) with a 1Y correlation of -0.04, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Marvell Technology, Inc. | -0.04 | 0.03 | 0.08 | 97 | Technology | |
| Intel Corporation | 0.06 | 0.10 | 0.15 | 98 | Technology | |
| Rivian Automotive, Inc. | 0.07 | 0.17 | 0.19 | 52 | Consumer Cyclical | |
| Consolidated Edison, Inc. | 0.08 | 0.17 | 0.19 | 53 | Utilities | |
| Lithium Americas Corp. | 0.09 | 0.22 | 0.22 | 66 | Basic Materials |
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