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 0.09, 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... | 0.09 | 0.10 | 0.15 | 93 | Inflation-Protected Bonds | BILL vs VTIP | |
| JPMorgan Ultra-Short Income ETF | 0.15 | 0.09 | 0.08 | 99 | Ultrashort Bond | BILL vs JPST | |
| Invesco S&P 500 Momentum ETF | 0.27 | 0.34 | 0.40 | 75 | Momentum, S&P 500 | BILL vs SPMO | |
| Invesco QQQ ETF | 0.37 | 0.41 | 0.54 | 73 | Nasdaq-100 | BILL vs QQQ | |
| Vanguard S&P 500 ETF | 0.37 | 0.42 | 0.51 | 70 | S&P 500 | BILL vs VOO |
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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 Cenovus Energy Inc. (CVE) (Energy) with a 1Y correlation of -0.03, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cenovus Energy Inc. | -0.03 | 0.09 | 0.14 | 95 | Energy | |
| Tenaris S.A. | -0.03 | 0.14 | 0.17 | 94 | Energy | |
| Apache Corporation | -0.01 | 0.10 | 0.17 | 90 | Energy | |
| EOG Resources, Inc. | -0.01 | 0.10 | 0.13 | 69 | Energy | |
| Ovintiv Inc. | 0.01 | 0.14 | 0.19 | 81 | Energy |
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