Looking to balance out your exposure to BILL? The ETFs below have historically moved differently from BILL, 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 BILL
6 ETFs have low correlation with BILL (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco S&P 500 Momentum ETF (SPMO) (Momentum) with a 1Y correlation of 0.08, down from 0.36 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco S&P 500 Momentum ETF | 0.08 | 0.28 | 0.36 | 51 | Momentum, S&P 500 | BILL vs SPMO | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.14 | 0.08 | 0.15 | 88 | Inflation-Protected Bonds | BILL vs VTIP | |
| JPMorgan Ultra-Short Income ETF | 0.14 | 0.08 | 0.09 | 99 | Ultrashort Bond | BILL vs JPST | |
| Invesco QQQ ETF | 0.23 | 0.35 | 0.51 | 58 | Nasdaq-100 | BILL vs QQQ | |
| Vanguard S&P 500 ETF | 0.30 | 0.39 | 0.51 | 78 | S&P 500 | BILL vs VOO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BILL, 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 Targa Resources Corp. (TRGP) (Energy) with a 1Y correlation of -0.13, down from 0.20 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Targa Resources Corp. | -0.13 | 0.10 | 0.20 | 93 | Energy | |
| Tenaris S.A. | -0.12 | 0.11 | 0.17 | 94 | Energy | |
| Texas Instruments Incorporated | -0.08 | 0.17 | 0.30 | 80 | Technology | |
| Apache Corporation | -0.07 | 0.07 | 0.16 | 91 | Energy | |
| Cenovus Energy Inc. | -0.07 | 0.06 | 0.14 | 95 | Energy |
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