Looking to balance out your exposure to BILL? The ETFs below have the lowest correlation with BILL — they tend to move on their own, which can help reduce risk when BILL drops. The stock ideas table highlights individual companies that behave independently from BILL.
Best Diversifiers for BILL
3 ETFs have low correlation with BILL (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) (Inflation-Protected Bonds) with a 1Y correlation of 0.12, roughly unchanged from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Short-Term Inflation-Protected Securities... | 0.12 | 0.08 | 0.15 | 91 | Inflation-Protected Bonds | BILL vs VTIP | |
| JPMorgan Ultra-Short Income ETF | 0.13 | 0.08 | 0.09 | 99 | Ultrashort Bond | BILL vs JPST | |
| Invesco S&P 500 Momentum ETF | 0.17 | 0.31 | 0.38 | 62 | Momentum, S&P 500 | BILL vs SPMO | |
| Invesco QQQ ETF | 0.30 | 0.38 | 0.53 | 58 | Nasdaq-100 | BILL vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.35 | 0.41 | 0.51 | 66 | S&P 500 | BILL vs SPY |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BILL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BILL and solid risk/return profiles. The least correlated is Targa Resources Corp. (TRGP) (Energy) with a 1Y correlation of -0.10, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Targa Resources Corp. | -0.10 | 0.12 | 0.21 | 92 | Energy | |
| Tenaris S.A. | -0.06 | 0.13 | 0.17 | 86 | Energy | |
| Cenovus Energy Inc. | -0.04 | 0.08 | 0.14 | 93 | Energy | |
| Apache Corporation | -0.04 | 0.09 | 0.17 | 86 | Energy | |
| Texas Instruments Incorporated | -0.03 | 0.20 | 0.31 | 72 | Technology |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements BILL
Add BILL to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with BILL