Looking to balance out your exposure to BHK? The ETFs below have the lowest correlation with BHK — they tend to move on their own, which can help reduce risk when BHK drops. The stock ideas table highlights individual companies that behave independently from BHK.
Best Diversifiers for BHK
5 ETFs have low correlation with BHK (below 0.3), 2 of which are negatively correlated. The least correlated is SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) (Government Bonds) with a 1Y correlation of -0.17, down from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.17 | -0.09 | -0.02 | 100 | Government Bonds, Ultrashort Bond | BHK vs BIL | |
| iShares 0-3 Month Treasury Bond ETF | -0.11 | -0.06 | 0.00 | 100 | Ultrashort Bond | BHK vs SGOV | |
| Janus Henderson AAA CLO ETF | 0.07 | 0.06 | 0.05 | 98 | CLO | BHK vs JAAA | |
| Arrow Dow Jones Global Yield ETF | 0.12 | 0.14 | 0.18 | 52 | Diversified Portfolio | BHK vs GYLD | |
| iShares Floating Rate Bond ETF | 0.14 | 0.11 | 0.09 | 99 | Ultrashort Bond, Corporate Bonds | BHK vs FLOT |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BHK, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BHK and solid risk/return profiles. The least correlated is Oxford Lane Capital Corp. (OXLCP) (Financial Services) with a 1Y correlation of 0.03, roughly unchanged from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Oxford Lane Capital Corp. | 0.03 | 0.08 | 0.11 | 96 | Financial Services | |
| Oxford Lane Capital Corp. 7.125% Series 2029 Term ... | 0.12 | 0.02 | 0.01 | 85 | Financial Services | |
| Agree Realty Corporation | 0.16 | 0.25 | 0.22 | 51 | Real Estate | |
| BlackRock Science and Technology Trust II | 0.29 | 0.24 | 0.25 | 94 | Financial Services | |
| ING Groep N.V. | 0.30 | 0.26 | 0.14 | 86 | Financial Services |
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