Looking to balance out your exposure to BLDR? The ETFs below have historically moved differently from BLDR, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for BLDR
13 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 -0.26, down from 0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Commodity Index Tracking Fund | -0.26 | -0.08 | 0.03 | 59 | Commodities | BLDR vs DBC | |
| iShares Global Energy ETF | -0.11 | 0.13 | 0.20 | 66 | Energy Equities | BLDR vs IXC | |
| Alerian MLP ETF | -0.03 | 0.19 | 0.27 | 55 | MLPs | BLDR vs AMLP | |
| iShares 0-5 Year TIPS Bond ETF | 0.15 | 0.18 | 0.18 | 84 | Inflation-Protected Bonds | BLDR vs STIP | |
| FlexShares Morningstar Global Upstream Natural Res... | 0.15 | 0.27 | 0.31 | 70 | Natural Resources | BLDR vs GUNR |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BLDR, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.16, down from 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.16 | 0.07 | 0.14 | 72 | Energy | |
| Murphy USA Inc. | -0.15 | 0.03 | 0.15 | 85 | Consumer Cyclical | |
| Sabine Royalty Trust | -0.13 | 0.03 | 0.08 | 55 | Energy | |
| ConocoPhillips Company | -0.12 | 0.07 | 0.15 | 68 | Energy | |
| CF Industries Holdings, Inc. | -0.12 | 0.04 | 0.11 | 64 | Basic Materials |
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