Looking to diversify beyond BIB? The ETFs below have the lowest correlation with BIB — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from BIB.
Best Diversifiers for BIB
547 ETFs have low correlation with BIB (below 0.3), 63 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.28 | — | — | 60 | Inverse Equities, Leveraged Equities | BIB vs MSTZ | |
| ProShares UltraShort Yen | -0.27 | -0.14 | -0.11 | 75 | Leveraged Currency | BIB vs YCS | |
| Defiance Daily Target 2X Short MSTR ETF | -0.27 | -0.27 | -0.27 | 53 | Inverse Equities | BIB vs SMST | |
| United States Gasoline Fund LP | -0.26 | -0.14 | -0.03 | 72 | Oil & Gas | BIB vs UGA | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.25 | -0.28 | -0.28 | 65 | Derivative Income | BIB vs WNTR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BIB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BIB and solid risk/return profiles. The least correlated is HCI Group, Inc. (HCI) (Financial Services) with a 1Y correlation of 0.11, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| HCI Group, Inc. | 0.11 | 0.18 | 0.22 | 70 | Financial Services | |
| Skyward Specialty Insurance Group Inc. Common Stoc... | 0.11 | 0.12 | — | 54 | Financial Services | |
| AXIS Capital Holdings Limited | 0.11 | 0.20 | 0.24 | 69 | Financial Services | |
| NVIDIA Corporation | 0.15 | 0.20 | 0.35 | 69 | Technology | |
| Taiwan Semiconductor Manufacturing Company Limited | 0.20 | 0.26 | 0.33 | 93 | Technology |
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