Looking to diversify beyond BIV? The ETFs below have historically moved differently from BIV, 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 BIV
860 ETFs have low correlation with BIV (below 0.3), 115 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.46, roughly unchanged from -0.52 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.46 | -0.49 | -0.52 | 56 | Leveraged Currency | BIV vs YCS | |
| Invesco DB Energy Fund | -0.44 | -0.25 | -0.15 | 72 | Oil & Gas | BIV vs DBE | |
| Invesco DB Oil Fund | -0.43 | -0.24 | -0.15 | 58 | Oil & Gas | BIV vs DBO | |
| United States Brent Oil Fund LP | -0.43 | -0.24 | -0.16 | 52 | Oil & Gas | BIV vs BNO | |
| United States Oil Fund LP | -0.43 | -0.25 | -0.16 | 55 | Oil & Gas | BIV vs USO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BIV, 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 ConocoPhillips Company (COP) (Energy) with a 1Y correlation of -0.34, down from -0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.34 | -0.17 | -0.13 | 72 | Energy | |
| Chevron Corporation | -0.30 | -0.12 | -0.10 | 80 | Energy | |
| BP p.l.c. | -0.29 | -0.12 | -0.11 | 84 | Energy | |
| Occidental Petroleum Corporation | -0.28 | -0.12 | -0.10 | 70 | Energy | |
| Devon Energy Corporation | -0.28 | -0.13 | -0.10 | 76 | Energy |
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