Looking to balance out your exposure to BMBOY? The ETFs below have the lowest correlation with BMBOY — they tend to move on their own, which can help reduce risk when BMBOY drops. The stock ideas table highlights individual companies that behave independently from BMBOY.
No Diversifiers Found for BMBOY
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BMBOY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BMBOY and solid risk/return profiles. The least correlated is ConocoPhillips Company (COP) (Energy) with a 1Y correlation of -0.15, down from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.15 | 0.01 | -0.01 | 78 | Energy | |
| Exxon Mobil Corporation | -0.12 | 0.05 | 0.02 | 86 | Energy | |
| Eli Lilly and Company | -0.02 | -0.02 | -0.01 | 75 | Healthcare | |
| Walmart Inc. | -0.00 | -0.02 | -0.02 | 66 | Consumer Defensive | |
| Northrop Grumman Corporation | 0.08 | 0.07 | 0.06 | 54 | Industrials |
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