Looking to diversify beyond BIB? The ETFs below have historically moved differently from BIB, 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 BIB
581 ETFs have low correlation with BIB (below 0.3), 97 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.30, down from -0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.30 | -0.15 | -0.06 | 55 | Oil & Gas | BIB vs USO | |
| ProShares Short Bitcoin ETF | -0.29 | -0.27 | — | 61 | Cryptocurrency | BIB vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.29 | -0.28 | -0.28 | 55 | Cryptocurrency, Leveraged Cryptocurrency | BIB vs SBIT | |
| United States Brent Oil Fund LP | -0.28 | -0.15 | -0.06 | 52 | Oil & Gas | BIB vs BNO | |
| Invesco DB Energy Fund | -0.28 | -0.15 | -0.05 | 72 | Oil & Gas | BIB vs DBE |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BIB, 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 HCI Group, Inc. (HCI) (Financial Services) with a 1Y correlation of 0.09, down from 0.22 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| HCI Group, Inc. | 0.09 | 0.17 | 0.22 | 66 | Financial Services | |
| AXIS Capital Holdings Limited | 0.09 | 0.20 | 0.25 | 63 | Financial Services | |
| Skyward Specialty Insurance Group Inc. Common Stoc... | 0.09 | 0.12 | 0.14 | 61 | Financial Services | |
| NVIDIA Corporation | 0.14 | 0.19 | 0.34 | 56 | Technology | |
| Taiwan Semiconductor Manufacturing Company Limited | 0.22 | 0.27 | 0.33 | 87 | Technology |
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