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
671 ETFs have low correlation with BIZD (below 0.3), 87 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.14, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.14 | 0.01 | 0.14 | 71 | Oil & Gas | BIZD vs DBE | |
| United States Oil Fund LP | -0.14 | 0.03 | 0.13 | 66 | Oil & Gas | BIZD vs USO | |
| United States Gasoline Fund LP | -0.12 | 0.02 | 0.12 | 69 | Oil & Gas | BIZD vs UGA | |
| United States Brent Oil Fund LP | -0.12 | 0.03 | 0.13 | 65 | Oil & Gas | BIZD vs BNO | |
| United States 12 Month Oil Fund LP | -0.12 | 0.05 | 0.15 | 56 | Oil & Gas | BIZD vs USL |
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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 -0.13, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Monster Beverage Corporation | -0.13 | 0.10 | 0.18 | 79 | Consumer Defensive | |
| Duke Energy Corporation | -0.12 | 0.07 | 0.14 | 53 | Utilities | |
| Altria Group, Inc. | -0.09 | 0.08 | 0.19 | 69 | Consumer Defensive | |
| Johnson & Johnson | -0.08 | 0.06 | 0.13 | 92 | Healthcare | |
| The Coca-Cola Company | -0.07 | 0.07 | 0.18 | 66 | Consumer Defensive |
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