Looking to balance out your exposure to BHB? The ETFs below have historically moved differently from BHB, 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 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 0.23, down from 0.39 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.23 | 0.33 | 0.39 | 68 | S&P 500 | BHB vs VOO | |
| State Street SPDR S&P 500 ETF | 0.24 | 0.33 | 0.39 | 67 | S&P 500 | BHB vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BHB, 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 Tompkins Financial Corporation (TMP) (Financial Services) with a 1Y correlation of 0.73, roughly unchanged from 0.70 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Tompkins Financial Corporation | 0.73 | 0.73 | 0.70 | 92 | Financial Services |
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