Looking to balance out your exposure to BHP? The ETFs below have historically moved differently from BHP, 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 BHP
63 ETFs have low correlation with BHP (below 0.3), 12 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.20, down from -0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.20 | -0.06 | -0.05 | 100 | Ultrashort Bond | BHP vs SGOV | |
| WisdomTree Floating Rate Treasury Fund | -0.12 | -0.07 | -0.06 | 100 | Government Bonds, Ultrashort Bond | BHP vs USFR | |
| F/m US Treasury 3 Month Bill ETF | -0.12 | -0.02 | — | 100 | Ultrashort Bond | BHP vs TBIL | |
| Alpha Architect 1-3 Month Box ETF | -0.10 | -0.06 | — | 100 | Ultrashort Bond | BHP vs BOXX | |
| Vanguard Ultra-Short Treasury ETF | -0.10 | — | — | 100 | Ultrashort Bond, Government Bonds | BHP vs VGUS |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BHP, 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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.21, down from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.21 | -0.01 | 0.11 | 64 | Consumer Defensive | |
| Chubb Limited | -0.13 | 0.01 | 0.14 | 86 | Financial Services | |
| CF Industries Holdings, Inc. | -0.11 | 0.11 | 0.20 | 64 | Basic Materials | |
| Enterprise Products Partners L.P. | -0.09 | 0.16 | 0.30 | 88 | Energy | |
| The Coca-Cola Company | -0.08 | 0.07 | 0.16 | 86 | Consumer Defensive |
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