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
26 ETFs have low correlation with BMO (below 0.3), 4 of which are negatively correlated. The least correlated is WisdomTree Floating Rate Treasury Fund (USFR) (Government Bonds) with a 1Y correlation of -0.10, 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 | -0.10 | -0.02 | -0.03 | 100 | Government Bonds, Ultrashort Bond | BMO vs USFR | |
| Alpha Architect 1-3 Month Box ETF | -0.04 | -0.01 | — | 100 | Ultrashort Bond | BMO vs BOXX | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.02 | -0.06 | -0.02 | 100 | Government Bonds, Ultrashort Bond | BMO vs BIL | |
| iShares 0-3 Month Treasury Bond ETF | -0.02 | -0.00 | -0.03 | 100 | Ultrashort Bond | BMO vs SGOV | |
| Vanguard 0-3 Month Treasury Bill ETF | 0.00 | — | — | 100 | Ultrashort Bond | BMO vs VBIL |
To view more results, upgrade your current subscription plan.
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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.11, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.11 | 0.09 | 0.20 | 74 | Consumer Defensive | |
| EOG Resources, Inc. | -0.11 | 0.11 | 0.30 | 58 | Energy | |
| ConocoPhillips Company | -0.09 | 0.10 | 0.28 | 65 | Energy | |
| Chevron Corporation | -0.09 | 0.10 | 0.29 | 70 | Energy | |
| Exxon Mobil Corporation | -0.08 | 0.12 | 0.28 | 74 | Energy |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements BMO
Add BMO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with BMO