Looking to diversify beyond BIGY? The ETFs below have the lowest correlation with BIGY — 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 BIGY.
Best Diversifiers for BIGY
8 ETFs have low correlation with BIGY (below 0.3), 4 of which are negatively correlated. The least correlated is YieldMax Short MSTR Option Income Strategy ETF (WNTR) (Derivative Income) with a 1Y correlation of -0.42, roughly unchanged from -0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax Short MSTR Option Income Strategy ETF | -0.42 | -0.45 | -0.45 | 51 | Derivative Income | BIGY vs WNTR | |
| Global X Enhanced Canadian Oil and Gas Equity Cove... | -0.17 | 0.05 | 0.05 | 77 | Energy Equities, Derivative Income | BIGY vs ENCL.TO | |
| Hamilton Energy YIELD MAXIMIZER ETF | -0.13 | 0.06 | 0.06 | 53 | Energy Equities, Derivative Income | BIGY vs EMAX.TO | |
| Hamilton Utilities YIELD MAXIMIZER ETF | -0.01 | 0.11 | 0.11 | 78 | Derivative Income, Utilities Equities | BIGY vs UMAX.TO | |
| Simplify Treasury Option Income ETF | 0.11 | — | — | 87 | Government Bonds, Ultrashort Bond, Derivative Income | BIGY vs BUCK |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BIGY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BIGY and solid risk/return profiles. The least correlated is Tesla, Inc. (TSLA) (Consumer Cyclical) with a 1Y correlation of 0.52, roughly unchanged from 0.57 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Tesla, Inc. | 0.52 | 0.57 | 0.57 | 50 | Consumer Cyclical |
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