Looking to balance out your exposure to BJ? The ETFs below have the lowest correlation with BJ — they tend to move on their own, which can help reduce risk when BJ drops. The stock ideas table highlights individual companies that behave independently from BJ.
Best Diversifiers for BJ
9 ETFs have low correlation with BJ (below 0.3), 5 of which are negatively correlated. The least correlated is Direxion Daily Technology Bull 3X Shares (TECL) (Leveraged Equities) with a 1Y correlation of -0.19, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily Technology Bull 3X Shares | -0.19 | -0.02 | 0.12 | 84 | Leveraged Equities, Technology Equities | BJ vs TECL | |
| Vanguard FTSE Emerging Markets ETF | -0.16 | -0.00 | 0.07 | 56 | Emerging Markets Equities | BJ vs VWO | |
| Vanguard S&P 500 ETF | -0.10 | 0.08 | 0.21 | 74 | S&P 500 | BJ vs VOO | |
| State Street SPDR S&P 500 ETF | -0.10 | 0.08 | 0.21 | 74 | S&P 500 | BJ vs SPY | |
| abrdn Physical Silver Shares ETF | -0.03 | 0.02 | 0.03 | 51 | Silver, Precious Metals | BJ vs SIVR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BJ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BJ and solid risk/return profiles. The least correlated is Alphabet Inc. Class A (GOOGL) (Communication Services) with a 1Y correlation of -0.18, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Alphabet Inc. Class A | -0.18 | 0.00 | 0.10 | 96 | Communication Services | |
| Amazon.com, Inc | -0.18 | -0.05 | 0.06 | 62 | Consumer Cyclical | |
| Broadcom Inc. | -0.17 | -0.02 | 0.09 | 76 | Technology | |
| Arcutis Biotherapeutics, Inc. | -0.15 | 0.03 | 0.08 | 73 | Healthcare | |
| NVIDIA Corporation | -0.14 | -0.04 | 0.08 | 80 | Technology |
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Build a portfolio that complements BJ
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