Looking to balance out your exposure to BMI? The ETFs below have the lowest correlation with BMI — they tend to move on their own, which can help reduce risk when BMI drops. The stock ideas table highlights individual companies that behave independently from BMI.
Best Diversifiers for BMI
0 ETFs have low correlation with BMI (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.40, down from 0.58 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.40 | 0.50 | 0.58 | 66 | S&P 500 | BMI vs VOO | |
| State Street SPDR S&P 500 ETF | 0.42 | 0.51 | 0.58 | 65 | S&P 500 | BMI vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BMI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BMI and solid risk/return profiles. The least correlated is Sabine Royalty Trust (SBR) (Energy) with a 1Y correlation of -0.09, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Sabine Royalty Trust | -0.09 | 0.10 | 0.17 | 66 | Energy | |
| The Coca-Cola Company | -0.07 | 0.04 | 0.17 | 84 | Consumer Defensive | |
| PepsiCo, Inc. | -0.06 | 0.07 | 0.19 | 53 | Consumer Defensive | |
| Murphy USA Inc. | -0.03 | 0.12 | 0.21 | 76 | Consumer Cyclical | |
| American Healthcare REIT, Inc. | 0.01 | — | — | 91 | Real Estate |
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