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
8 ETFs have low correlation with BLDR (below 0.3), 0 of which are negatively correlated. The least correlated is iShares 0-5 Year TIPS Bond ETF (STIP) (Inflation-Protected Bonds) with a 1Y correlation of 0.14, roughly unchanged from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-5 Year TIPS Bond ETF | 0.14 | 0.18 | 0.17 | 85 | Inflation-Protected Bonds | BLDR vs STIP | |
| Direxion Daily Technology Bull 3X Shares | 0.21 | 0.35 | 0.45 | 65 | Leveraged Equities, Technology Equities | BLDR vs TECL | |
| GraniteShares 2x Long AAPL Daily ETF | 0.24 | 0.28 | — | 60 | Leveraged Equities | BLDR vs AAPB | |
| VanEck Semiconductor ETF | 0.25 | 0.36 | 0.45 | 94 | Semiconductors, Technology Equities | BLDR vs SMH | |
| FlexShares Morningstar Global Upstream Natural Res... | 0.26 | 0.33 | 0.36 | 54 | Natural Resources | BLDR vs GUNR |
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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 The Williams Companies, Inc. (WMB) (Energy) with a 1Y correlation of -0.08, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Williams Companies, Inc. | -0.08 | 0.10 | 0.18 | 75 | Energy | |
| Altria Group, Inc. | -0.07 | -0.01 | 0.09 | 72 | Consumer Defensive | |
| Murphy USA Inc. | -0.06 | 0.06 | 0.17 | 66 | Consumer Cyclical | |
| Consolidated Edison, Inc. | -0.04 | 0.03 | 0.06 | 61 | Utilities | |
| Chevron Corporation | -0.00 | 0.12 | 0.19 | 70 | Energy |
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