Looking to diversify beyond BIZD? The ETFs below have the lowest correlation with BIZD — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from BIZD.
Best Diversifiers for BIZD
632 ETFs have low correlation with BIZD (below 0.3), 62 of which are negatively correlated. The least correlated is United States Gasoline Fund LP (UGA) (Oil & Gas) with a 1Y correlation of -0.11, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Gasoline Fund LP | -0.11 | 0.01 | 0.12 | 55 | Oil & Gas | BIZD vs UGA | |
| Franklin Liberty Systematic Style Premia ETF | -0.10 | -0.02 | 0.05 | 56 | Long-Short | BIZD vs FLSP | |
| Cambria Tactical Yield ETF | -0.10 | — | — | 99 | BIZD vs TYLD | ||
| PGIM Ultra Short Municipal Bond ETF | -0.08 | — | — | 88 | Municipal Bonds | BIZD vs PUSH | |
| ProShares UltraShort Yen | -0.08 | -0.00 | -0.00 | 63 | Leveraged Currency | BIZD vs YCS |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BIZD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BIZD and solid risk/return profiles. The least correlated is Monster Beverage Corporation (MNST) (Consumer Defensive) with a 1Y correlation of -0.15, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Monster Beverage Corporation | -0.15 | 0.10 | 0.19 | 85 | Consumer Defensive | |
| Duke Energy Corporation | -0.12 | 0.07 | 0.14 | 62 | Utilities | |
| The Coca-Cola Company | -0.11 | 0.06 | 0.18 | 74 | Consumer Defensive | |
| Altria Group, Inc. | -0.08 | 0.07 | 0.18 | 72 | Consumer Defensive | |
| Walmart Inc. | -0.08 | 0.04 | 0.13 | 69 | Consumer Defensive |
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