Looking to balance out your exposure to BJRI? The ETFs below have the lowest correlation with BJRI — they tend to move on their own, which can help reduce risk when BJRI drops. The stock ideas table highlights individual companies that behave independently from BJRI.
Best Diversifiers for BJRI
1 ETFs have low correlation with BJRI (below 0.3), 1 of which are negatively correlated. The least correlated is SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) (Government Bonds) with a 1Y correlation of -0.02, roughly unchanged from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.02 | -0.00 | 0.03 | 100 | Government Bonds, Ultrashort Bond | BJRI vs BIL | |
| Vanguard Total World Stock ETF | 0.42 | 0.44 | 0.44 | 67 | Global Equities | BJRI vs VT |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BJRI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BJRI and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.07, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.07 | 0.06 | 0.11 | 69 | Consumer Defensive | |
| Verizon Communications Inc. | -0.02 | 0.06 | 0.07 | 59 | Communication Services | |
| NVIDIA Corporation | 0.03 | 0.12 | 0.24 | 78 | Technology | |
| Bristol-Myers Squibb Company | 0.17 | 0.13 | 0.11 | 63 | Healthcare | |
| Pfizer Inc. | 0.26 | 0.20 | 0.11 | 61 | Healthcare |
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