Looking to balance out your exposure to BME? The ETFs below have the lowest correlation with BME — they tend to move on their own, which can help reduce risk when BME drops. The stock ideas table highlights individual companies that behave independently from BME.
Best Diversifiers for BME
7 ETFs have low correlation with BME (below 0.3), 1 of which are negatively correlated. The least correlated is State Street Energy Select Sector SPDR ETF (XLE) (Energy Equities) with a 1Y correlation of -0.09, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Energy Select Sector SPDR ETF | -0.09 | 0.09 | 0.15 | 59 | Energy Equities | BME vs XLE | |
| VanEck Semiconductor ETF | 0.09 | 0.21 | 0.29 | 90 | Semiconductors, Technology Equities | BME vs SMH | |
| Invesco Variable Rate Investment Grade ETF | 0.17 | 0.13 | 0.12 | 99 | Ultrashort Bond | BME vs VRIG | |
| Invesco QQQ ETF | 0.17 | 0.31 | 0.40 | 53 | Nasdaq-100 | BME vs QQQ | |
| JPMorgan Nasdaq Equity Premium Income ETF | 0.19 | 0.33 | — | 60 | Nasdaq-100, Derivative Income | BME vs JEPQ |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BME, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BME and solid risk/return profiles. The least correlated is BlackRock Science and Technology Term Trust (BSTZ) (Financial Services) with a 1Y correlation of 0.07, down from 0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BlackRock Science and Technology Term Trust | 0.07 | 0.30 | 0.38 | 89 | Financial Services | |
| Reaves Utility Income Trust | 0.10 | 0.30 | 0.37 | 70 | Financial Services | |
| BlackRock Science and Technology Trust | 0.16 | 0.30 | 0.38 | 82 | Financial Services | |
| BlackRock Capital Allocation Term Trust | 0.27 | 0.37 | 0.42 | 94 | Financial Services | |
| Cohen & Steers Infrastructure Fund, Inc | 0.31 | 0.34 | 0.37 | 74 | Financial Services |
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