Looking to diversify beyond BOAT? The ETFs below have the lowest correlation with BOAT — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from BOAT.
Best Diversifiers for BOAT
952 ETFs have low correlation with BOAT (below 0.3), 59 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.27, roughly unchanged from -0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.27 | -0.21 | -0.29 | 51 | Currency | BOAT vs UUP | |
| ProShares UltraShort Yen | -0.22 | -0.06 | — | 72 | Leveraged Currency | BOAT vs YCS | |
| ProShares Short Bitcoin ETF | -0.21 | -0.12 | -0.18 | 57 | Cryptocurrency | BOAT vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.20 | -0.13 | -0.13 | 52 | Cryptocurrency, Leveraged Cryptocurrency | BOAT vs SBIT | |
| Defiance Daily Target 2X Short MSTR ETF | -0.20 | -0.18 | -0.18 | 60 | Inverse Equities | BOAT vs SMST |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BOAT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BOAT and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.07, roughly unchanged from 0.02 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.07 | 0.02 | — | 81 | Consumer Defensive | |
| Eli Lilly and Company | 0.04 | 0.09 | — | 80 | Healthcare | |
| The Coca-Cola Company | 0.06 | 0.03 | — | 83 | Consumer Defensive | |
| NextEra Energy, Inc. | 0.06 | 0.12 | 0.16 | 73 | Utilities | |
| Verizon Communications Inc. | 0.09 | 0.08 | 0.11 | 57 | Communication Services |
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