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
11 ETFs have low correlation with BLDR (below 0.3), 1 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 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Commodity Index Tracking Fund | -0.22 | -0.04 | 0.06 | 75 | Commodities | BLDR vs DBC | |
| iShares Global Energy ETF | 0.02 | 0.18 | 0.24 | 76 | Energy Equities | BLDR vs IXC | |
| iShares 0-5 Year TIPS Bond ETF | 0.08 | 0.16 | 0.15 | 93 | Inflation-Protected Bonds | BLDR vs STIP | |
| Sprott Physical Silver Trust | 0.13 | 0.08 | 0.10 | 79 | Silver, Precious Metals | BLDR vs PSLV | |
| Direxion Daily Technology Bull 3X Shares | 0.21 | 0.35 | 0.45 | 85 | Leveraged Equities, Technology Equities | BLDR vs TECL |
To view more results, upgrade your current subscription plan.
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 -0.09, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Williams Companies, Inc. | -0.09 | 0.11 | 0.19 | 66 | Energy | |
| Altria Group, Inc. | -0.08 | -0.01 | 0.09 | 69 | Consumer Defensive | |
| CF Industries Holdings, Inc. | -0.08 | 0.07 | 0.14 | 60 | Basic Materials | |
| Murphy USA Inc. | -0.03 | 0.07 | 0.18 | 62 | Consumer Cyclical | |
| Fortinet, Inc. | -0.01 | 0.14 | 0.29 | 66 | Technology |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements BLDR
Add BLDR to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with BLDR