Looking to balance out your exposure to BMEZ? The ETFs below have the lowest correlation with BMEZ — they tend to move on their own, which can help reduce risk when BMEZ drops. The stock ideas table highlights individual companies that behave independently from BMEZ.
Best Diversifiers for BMEZ
1 ETFs have low correlation with BMEZ (below 0.3), 0 of which are negatively correlated. The least correlated is Alerian MLP ETF (AMLP) (MLPs) with a 1Y correlation of 0.01, down from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Alerian MLP ETF | 0.01 | 0.22 | 0.29 | 56 | MLPs | BMEZ vs AMLP | |
| JPMorgan Nasdaq Equity Premium Income ETF | 0.31 | 0.40 | — | 60 | Nasdaq-100, Derivative Income | BMEZ vs JEPQ | |
| Schwab U.S. Dividend Equity ETF | 0.38 | 0.46 | 0.51 | 91 | Dividend | BMEZ vs SCHD | |
| iShares J.P. Morgan USD Emerging Markets Bond ETF | 0.40 | 0.37 | 0.39 | 66 | Emerging Markets Bonds | BMEZ vs EMB | |
| Fidelity New Millennium ETF | 0.40 | 0.48 | 0.52 | 57 | Large Cap Blend Equities | BMEZ vs FMIL |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BMEZ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BMEZ and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.09, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.09 | 0.04 | 0.13 | 80 | Consumer Defensive | |
| Enbridge Inc. | 0.00 | 0.19 | 0.27 | 88 | Energy | |
| Antero Midstream Corporation | 0.00 | 0.17 | 0.28 | 85 | Energy | |
| Berkshire Hathaway Inc. | 0.14 | 0.28 | 0.35 | 53 | Financial Services | |
| Realty Income Corporation | 0.15 | 0.23 | 0.30 | 78 | Real Estate |
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