Looking to balance out your exposure to BLDR? The ETFs below have the lowest correlation with BLDR — they tend to move on their own, which can help reduce risk when BLDR drops. The stock ideas table highlights individual companies that behave independently from BLDR.
Best Diversifiers for BLDR
10 ETFs have low correlation with BLDR (below 0.3), 3 of which are negatively correlated. The least correlated is Invesco DB Commodity Index Tracking Fund (DBC) (Commodities) with a 1Y correlation of -0.22, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Commodity Index Tracking Fund | -0.22 | -0.06 | 0.05 | 56 | Commodities | BLDR vs DBC | |
| Alerian MLP ETF | -0.06 | 0.18 | 0.27 | 56 | MLPs | BLDR vs AMLP | |
| iShares Global Energy ETF | -0.04 | 0.14 | 0.22 | 65 | Energy Equities | BLDR vs IXC | |
| iShares 0-5 Year TIPS Bond ETF | 0.17 | 0.19 | 0.18 | 91 | Inflation-Protected Bonds | BLDR vs STIP | |
| GraniteShares 2x Long AAPL Daily ETF | 0.18 | 0.27 | — | 83 | Leveraged Equities | BLDR vs AAPB |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BLDR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BLDR and solid risk/return profiles. The least correlated is Cheniere Energy, Inc. (LNG) (Energy) with a 1Y correlation of -0.16, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cheniere Energy, Inc. | -0.16 | 0.01 | 0.11 | 57 | Energy | |
| Sabine Royalty Trust | -0.13 | 0.04 | 0.10 | 66 | Energy | |
| Murphy USA Inc. | -0.12 | 0.04 | 0.14 | 76 | Consumer Cyclical | |
| McKesson Corporation | -0.10 | -0.01 | 0.09 | 62 | Healthcare | |
| CF Industries Holdings, Inc. | -0.09 | 0.05 | 0.12 | 67 | Basic Materials |
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