Looking to balance out your exposure to BMA? The ETFs below have the lowest correlation with BMA — they tend to move on their own, which can help reduce risk when BMA drops. The stock ideas table highlights individual companies that behave independently from BMA.
Best Diversifiers for BMA
5 ETFs have low correlation with BMA (below 0.3), 2 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.21, down from -0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.21 | -0.05 | -0.06 | 100 | Ultrashort Bond | BMA vs SGOV | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.15 | -0.05 | -0.03 | 100 | Government Bonds, Ultrashort Bond | BMA vs BIL | |
| VanEck IG Floating Rate ETF | 0.05 | 0.07 | 0.11 | 99 | Corporate Bonds, Ultrashort Bond | BMA vs FLTR | |
| iMGP DBi Managed Futures Strategy ETF | 0.09 | 0.09 | 0.07 | 87 | Systematic Trend | BMA vs DBMF | |
| T-Rex 2X Long Alphabet Daily Target ETF | 0.17 | — | — | 93 | Leveraged Bonds | BMA vs GOOX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BMA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BMA and solid risk/return profiles. The least correlated is The Allstate Corporation (ALL) (Financial Services) with a 1Y correlation of -0.15, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Allstate Corporation | -0.15 | 0.01 | 0.13 | 84 | Financial Services | |
| Walmart Inc. | -0.14 | 0.00 | 0.02 | 71 | Consumer Defensive | |
| W. R. Berkley Corporation | -0.12 | 0.02 | 0.13 | 59 | Financial Services | |
| Kinder Morgan, Inc. | -0.08 | 0.10 | 0.22 | 77 | Energy | |
| The Hanover Insurance Group, Inc. | -0.06 | 0.06 | 0.13 | 87 | Financial Services |
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