Looking to diversify beyond BLV? The ETFs below have the lowest correlation with BLV — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from BLV.
Best Diversifiers for BLV
897 ETFs have low correlation with BLV (below 0.3), 57 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.45, roughly unchanged from -0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.45 | -0.42 | -0.44 | 63 | Leveraged Currency | BLV vs YCS | |
| United States Gasoline Fund LP | -0.41 | -0.19 | -0.14 | 55 | Oil & Gas | BLV vs UGA | |
| First Trust Alternative Absolute Return Strategy E... | -0.28 | -0.12 | -0.12 | 75 | Commodities | BLV vs FAAR | |
| VanEck Commodity Strategy ETF | -0.28 | -0.11 | — | 57 | Commodities | BLV vs PIT | |
| Fidelity Managed Futures ETF | -0.27 | — | — | 64 | Systematic Trend | BLV vs FFUT |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BLV, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BLV and solid risk/return profiles. The least correlated is ConocoPhillips Company (COP) (Energy) with a 1Y correlation of -0.27, down from -0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.27 | -0.09 | -0.11 | 65 | Energy | |
| Exxon Mobil Corporation | -0.23 | -0.06 | -0.10 | 72 | Energy | |
| Chevron Corporation | -0.21 | -0.05 | -0.09 | 70 | Energy | |
| BP p.l.c. | -0.19 | -0.07 | -0.11 | 77 | Energy | |
| Energy Transfer LP | -0.16 | -0.01 | -0.04 | 72 | Energy |
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