Looking to balance out your exposure to BLBD? The ETFs below have the lowest correlation with BLBD — they tend to move on their own, which can help reduce risk when BLBD drops. The stock ideas table highlights individual companies that behave independently from BLBD.
Best Diversifiers for BLBD
0 ETFs have low correlation with BLBD (below 0.3), 0 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| NEOS Nasdaq-100 High Income ETF | 0.39 | — | — | 68 | Nasdaq-100, Derivative Income | BLBD vs QQQI | |
| State Street SPDR S&P 500 ETF | 0.42 | 0.43 | 0.42 | 70 | S&P 500 | BLBD vs SPY | |
| Vanguard S&P 500 ETF | 0.43 | 0.43 | 0.42 | 70 | S&P 500 | BLBD vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BLBD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BLBD and solid risk/return profiles. The least correlated is CF Industries Holdings, Inc. (CF) (Basic Materials) with a 1Y correlation of -0.24, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CF Industries Holdings, Inc. | -0.24 | 0.02 | 0.10 | 60 | Basic Materials | |
| Welltower Inc. | -0.03 | 0.07 | 0.13 | 79 | Real Estate | |
| United Therapeutics Corporation | 0.02 | 0.11 | 0.10 | 86 | Healthcare | |
| Eli Lilly and Company | 0.02 | 0.11 | 0.09 | 72 | Healthcare | |
| PepsiCo, Inc. | 0.07 | 0.03 | 0.03 | 56 | Consumer Defensive |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements BLBD
Add BLBD to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with BLBD