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
40 ETFs have low correlation with BHP (below 0.3), 5 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.19, down from -0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.19 | -0.06 | -0.05 | 100 | Ultrashort Bond | BHP vs SGOV | |
| Alpha Architect 1-3 Month Box ETF | -0.13 | -0.07 | — | 100 | Ultrashort Bond | BHP vs BOXX | |
| WisdomTree Floating Rate Treasury Fund | -0.10 | -0.06 | -0.06 | 100 | Government Bonds, Ultrashort Bond | BHP vs USFR | |
| F/m US Treasury 3 Month Bill ETF | -0.10 | -0.02 | — | 100 | Ultrashort Bond | BHP vs TBIL | |
| PIMCO Enhanced Short Maturity Active ETF | -0.05 | 0.03 | 0.05 | 100 | Ultrashort Bond | BHP vs MINT |
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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 -0.12, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.12 | 0.03 | 0.14 | 78 | Consumer Defensive | |
| CF Industries Holdings, Inc. | -0.08 | 0.14 | 0.22 | 57 | Basic Materials | |
| Chubb Limited | -0.03 | 0.03 | 0.16 | 73 | Financial Services | |
| Walmart Inc. | -0.03 | 0.06 | 0.12 | 68 | Consumer Defensive | |
| The Coca-Cola Company | -0.02 | 0.09 | 0.17 | 76 | Consumer Defensive |
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Build a portfolio that complements BHP
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