Looking to balance out your exposure to BJ? The ETFs below have historically moved differently from BJ, 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 BJ
7 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 -0.23, down from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily Technology Bull 3X Shares | -0.23 | -0.03 | 0.08 | 54 | Leveraged Equities, Technology Equities | BJ vs TECL | |
| State Street SPDR S&P 500 ETF | -0.19 | 0.06 | 0.18 | 72 | S&P 500 | BJ vs SPY | |
| Vanguard S&P 500 ETF | -0.19 | 0.06 | 0.18 | 72 | S&P 500 | BJ vs VOO | |
| Invesco DB Base Metals Fund | -0.08 | 0.02 | 0.00 | 70 | Metals | BJ vs DBB | |
| iMGP DBi Managed Futures Strategy ETF | -0.01 | 0.06 | 0.02 | 85 | Systematic Trend | BJ vs DBMF |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BJ, 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 Broadcom Inc. (AVGO) (Technology) with a 1Y correlation of -0.23, down from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Broadcom Inc. | -0.23 | -0.06 | 0.06 | 69 | Technology | |
| Amphenol Corporation | -0.21 | -0.01 | 0.11 | 78 | Technology | |
| NVIDIA Corporation | -0.20 | -0.06 | 0.06 | 59 | Technology | |
| Alphabet Inc. Class A | -0.19 | -0.01 | 0.09 | 95 | Communication Services | |
| Powell Industries, Inc. | -0.19 | -0.00 | 0.05 | 93 | Industrials |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements BJ
Add BJ to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with BJ