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
59 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 -0.19, 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 | -0.07 | -0.05 | 100 | Ultrashort Bond | BHP vs SGOV | |
| WisdomTree Floating Rate Treasury Fund | -0.10 | -0.07 | -0.06 | 100 | Government Bonds, Ultrashort Bond | BHP vs USFR | |
| F/m US Treasury 3 Month Bill ETF | -0.09 | -0.02 | — | 100 | Ultrashort Bond | BHP vs TBIL | |
| Alpha Architect 1-3 Month Box ETF | -0.09 | -0.06 | — | 100 | Ultrashort Bond | BHP vs BOXX | |
| Vanguard Ultra-Short Treasury ETF | -0.09 | — | — | 100 | Ultrashort Bond, Government Bonds | BHP vs VGUS |
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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 Waste Management, Inc. (WM) (Industrials) with a 1Y correlation of -0.19, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Waste Management, Inc. | -0.19 | -0.01 | 0.08 | 51 | Industrials | |
| Altria Group, Inc. | -0.16 | 0.01 | 0.13 | 77 | Consumer Defensive | |
| CF Industries Holdings, Inc. | -0.09 | 0.12 | 0.21 | 64 | Basic Materials | |
| Chubb Limited | -0.09 | 0.01 | 0.15 | 81 | Financial Services | |
| Sunoco LP | -0.06 | 0.15 | 0.25 | 86 | Energy |
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Build a portfolio that complements BHP
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