Looking to balance out your exposure to BMA? The ETFs below have historically moved differently from BMA, 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 BMA
7 ETFs have low correlation with BMA (below 0.3), 3 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.18, down from -0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.18 | -0.06 | -0.06 | 100 | Ultrashort Bond | BMA vs SGOV | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.12 | -0.04 | -0.03 | 100 | Government Bonds, Ultrashort Bond | BMA vs BIL | |
| United States Oil Fund LP | -0.04 | 0.05 | 0.14 | 55 | Oil & Gas | BMA vs USO | |
| VanEck IG Floating Rate ETF | 0.04 | 0.07 | 0.11 | 99 | Corporate Bonds, Ultrashort Bond | BMA vs FLTR | |
| iMGP DBi Managed Futures Strategy ETF | 0.11 | 0.10 | 0.07 | 90 | Systematic Trend | BMA vs DBMF |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BMA, 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 Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of -0.18, down from 0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.18 | -0.01 | 0.02 | 62 | Consumer Defensive | |
| W. R. Berkley Corporation | -0.17 | 0.01 | 0.12 | 56 | Financial Services | |
| The Allstate Corporation | -0.17 | 0.02 | 0.12 | 82 | Financial Services | |
| The Hanover Insurance Group, Inc. | -0.12 | 0.04 | 0.11 | 89 | Financial Services | |
| The Travelers Companies, Inc. | -0.11 | 0.08 | 0.14 | 94 | Financial Services |
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