Looking to balance out your exposure to BHP? The ETFs below have the lowest correlation with BHP — they tend to move on their own, which can help reduce risk when BHP drops. The stock ideas table highlights individual companies that behave independently from BHP.
Best Diversifiers for BHP
51 ETFs have low correlation with BHP (below 0.3), 11 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.21, down from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.21 | -0.06 | -0.04 | 100 | Ultrashort Bond | BHP vs SGOV | |
| United States Oil Fund LP | -0.21 | 0.04 | 0.18 | 66 | Oil & Gas | BHP vs USO | |
| ProShares Ultra Bloomberg Crude Oil | -0.16 | 0.08 | 0.21 | 54 | Leveraged Commodities | BHP vs UCO | |
| Alpha Architect 1-3 Month Box ETF | -0.13 | -0.07 | — | 100 | Ultrashort Bond | BHP vs BOXX | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.06 | 0.16 | 0.28 | 71 | Commodities | BHP vs GSG |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BHP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BHP and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.11, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.11 | 0.05 | 0.15 | 73 | Consumer Defensive | |
| CF Industries Holdings, Inc. | -0.10 | 0.14 | 0.22 | 63 | Basic Materials | |
| Chubb Limited | -0.02 | 0.05 | 0.18 | 57 | Financial Services | |
| Palo Alto Networks, Inc. | -0.01 | 0.11 | 0.15 | 69 | Technology | |
| ConocoPhillips Company | -0.01 | 0.13 | 0.28 | 78 | Energy |
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Build a portfolio that complements BHP
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