Looking to balance out your exposure to BLD? The ETFs below have the lowest correlation with BLD — they tend to move on their own, which can help reduce risk when BLD drops. The stock ideas table highlights individual companies that behave independently from BLD.
Best Diversifiers for BLD
0 ETFs have low correlation with BLD (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 0.44, down from 0.59 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.44 | 0.53 | 0.59 | 70 | S&P 500 | BLD vs VOO | |
| State Street SPDR S&P 500 ETF | 0.44 | 0.53 | 0.59 | 70 | S&P 500 | BLD vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BLD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BLD and solid risk/return profiles. The least correlated is EOG Resources, Inc. (EOG) (Energy) with a 1Y correlation of -0.01, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| EOG Resources, Inc. | -0.01 | 0.13 | 0.17 | 69 | Energy | |
| Cloudflare, Inc. | 0.00 | 0.23 | 0.32 | 67 | Technology | |
| Halliburton Company | 0.06 | 0.23 | 0.26 | 94 | Energy | |
| AppLovin Corporation | 0.07 | 0.20 | 0.29 | 59 | Technology | |
| MongoDB, Inc. | 0.09 | 0.27 | 0.35 | 75 | Technology |
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