Looking to balance out your exposure to BL? The ETFs below have the lowest correlation with BL — they tend to move on their own, which can help reduce risk when BL drops. The stock ideas table highlights individual companies that behave independently from BL.
Best Diversifiers for BL
1 ETFs have low correlation with BL (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.22, down from 0.53 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.22 | 0.43 | 0.53 | 74 | S&P 500 | BL vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BL and solid risk/return profiles. The least correlated is Ducommun Incorporated (DCO) (Industrials) with a 1Y correlation of 0.02, down from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Ducommun Incorporated | 0.02 | 0.24 | 0.28 | 94 | Industrials | |
| Oscar Health, Inc. | 0.16 | 0.20 | 0.30 | 67 | Healthcare | |
| Opendoor Technologies Inc. | 0.17 | 0.32 | 0.44 | 96 | Real Estate | |
| Clover Health Investments, Corp. | 0.21 | 0.23 | 0.36 | 55 | Healthcare | |
| Compass, Inc. | 0.23 | 0.34 | 0.43 | 56 | Technology |
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