Looking to balance out your exposure to BHB? The ETFs below have the lowest correlation with BHB — they tend to move on their own, which can help reduce risk when BHB drops. The stock ideas table highlights individual companies that behave independently from BHB.
Best Diversifiers for BHB
2 ETFs have low correlation with BHB (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.25, down from 0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.25 | 0.34 | 0.40 | 62 | S&P 500 | BHB vs VOO | |
| State Street SPDR S&P 500 ETF | 0.25 | 0.34 | 0.40 | 61 | S&P 500 | BHB vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BHB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BHB and solid risk/return profiles. The least correlated is Tompkins Financial Corporation (TMP) (Financial Services) with a 1Y correlation of 0.74, roughly unchanged from 0.70 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Tompkins Financial Corporation | 0.74 | 0.74 | 0.70 | 87 | Financial Services |
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