Looking to diversify beyond BIZD? The ETFs below have historically moved differently from BIZD, 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 BIZD
802 ETFs have low correlation with BIZD (below 0.3), 65 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax MSTR Short Option Income Strategy ETF | -0.35 | — | — | 69 | Derivative Income | BIZD vs WNTR | |
| ProShares Short Bitcoin ETF | -0.33 | -0.26 | — | 51 | Cryptocurrency | BIZD vs BITI | |
| Invesco DB Energy Fund | -0.18 | -0.03 | 0.12 | 66 | Oil & Gas | BIZD vs DBE | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.15 | 0.02 | 0.15 | 61 | Commodities | BIZD vs GSG | |
| Invesco DB Oil Fund | -0.15 | -0.00 | 0.12 | 51 | Oil & Gas | BIZD vs DBO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BIZD, 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 Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.11, down from 0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.11 | 0.08 | 0.16 | 52 | Utilities | |
| The Coca-Cola Company | -0.06 | 0.07 | 0.20 | 87 | Consumer Defensive | |
| Johnson & Johnson | -0.06 | 0.07 | 0.12 | 96 | Healthcare | |
| AbbVie Inc. | -0.05 | 0.15 | 0.17 | 76 | Healthcare | |
| BP p.l.c. | -0.05 | 0.15 | 0.30 | 83 | Energy |
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