Looking to balance out your exposure to BMO? The ETFs below have the lowest correlation with BMO — they tend to move on their own, which can help reduce risk when BMO drops. The stock ideas table highlights individual companies that behave independently from BMO.
Best Diversifiers for BMO
41 ETFs have low correlation with BMO (below 0.3), 12 of which are negatively correlated. The least correlated is WisdomTree Floating Rate Treasury Fund (USFR) (Government Bonds) with a 1Y correlation of -0.09, roughly unchanged from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| WisdomTree Floating Rate Treasury Fund | -0.09 | -0.03 | -0.03 | 100 | Government Bonds, Ultrashort Bond | BMO vs USFR | |
| Invesco DB Commodity Index Tracking Fund | -0.09 | 0.07 | 0.22 | 56 | Commodities | BMO vs DBC | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.09 | 0.06 | 0.22 | 57 | Commodities | BMO vs PDBC | |
| Vanguard Energy ETF | -0.03 | 0.20 | 0.37 | 60 | Energy Equities | BMO vs VDE | |
| State Street Energy Select Sector SPDR ETF | -0.03 | 0.20 | 0.38 | 59 | Energy Equities | BMO vs XLE |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BMO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BMO and solid risk/return profiles. The least correlated is Occidental Petroleum Corporation (OXY) (Energy) with a 1Y correlation of -0.17, down from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Occidental Petroleum Corporation | -0.17 | 0.08 | 0.28 | 67 | Energy | |
| EOG Resources, Inc. | -0.13 | 0.09 | 0.28 | 66 | Energy | |
| ConocoPhillips Company | -0.13 | 0.08 | 0.26 | 69 | Energy | |
| Chevron Corporation | -0.12 | 0.12 | 0.31 | 74 | Energy | |
| Altria Group, Inc. | -0.10 | 0.08 | 0.19 | 80 | Consumer Defensive |
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Build a portfolio that complements BMO
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