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
1362 ETFs have low correlation with BLV (below 0.3), 98 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.46, roughly unchanged from -0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.46 | -0.42 | -0.44 | 61 | Leveraged Currency | BLV vs YCS | |
| Invesco DB Energy Fund | -0.41 | -0.22 | -0.16 | 71 | Oil & Gas | BLV vs DBE | |
| United States Gasoline Fund LP | -0.41 | -0.19 | -0.14 | 69 | Oil & Gas | BLV vs UGA | |
| Defiance Oil Enhanced Options Income ETF | -0.40 | — | — | 56 | Derivative Income | BLV vs USOY | |
| United States Oil Fund LP | -0.40 | -0.21 | -0.17 | 66 | Oil & Gas | BLV vs USO |
To view more results, upgrade your current subscription plan.
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 -0.25, down from -0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.25 | -0.09 | -0.11 | 76 | Energy | |
| Exxon Mobil Corporation | -0.22 | -0.05 | -0.09 | 85 | Energy | |
| Chevron Corporation | -0.19 | -0.05 | -0.09 | 83 | Energy | |
| BP p.l.c. | -0.18 | -0.07 | -0.11 | 87 | Energy | |
| Energy Transfer LP | -0.16 | -0.01 | -0.04 | 69 | Energy |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements BLV
Add BLV to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with BLV