Looking to balance out your exposure to BN? The ETFs below have the lowest correlation with BN — they tend to move on their own, which can help reduce risk when BN drops. The stock ideas table highlights individual companies that behave independently from BN.
Best Diversifiers for BN
33 ETFs have low correlation with BN (below 0.3), 6 of which are negatively correlated. The least correlated is WisdomTree Floating Rate Treasury Fund (USFR) (Government Bonds) with a 1Y correlation of -0.15, roughly unchanged from -0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| WisdomTree Floating Rate Treasury Fund | -0.15 | -0.07 | -0.06 | 100 | Government Bonds, Ultrashort Bond | BN vs USFR | |
| Alpha Architect 1-3 Month Box ETF | -0.06 | 0.03 | — | 100 | Ultrashort Bond | BN vs BOXX | |
| iShares 0-3 Month Treasury Bond ETF | -0.06 | -0.01 | -0.01 | 100 | Ultrashort Bond | BN vs SGOV | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.05 | -0.08 | -0.04 | 100 | Government Bonds, Ultrashort Bond | BN vs BIL | |
| Vanguard Short-Term Inflation-Protected Securities... | -0.02 | 0.13 | 0.15 | 87 | Inflation-Protected Bonds | BN vs VTIP |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BN and solid risk/return profiles. The least correlated is Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.15, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.15 | 0.11 | 0.23 | 70 | Energy | |
| Altria Group, Inc. | -0.15 | 0.02 | 0.11 | 74 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.14 | 0.06 | 0.18 | 74 | Energy | |
| ConocoPhillips Company | -0.11 | 0.08 | 0.21 | 65 | Energy | |
| Suncor Energy Inc. | -0.09 | 0.15 | 0.28 | 84 | Energy |
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