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
1362 ETFs have low correlation with BOAT (below 0.3), 58 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.25, down from -0.06 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.25 | -0.06 | — | 61 | Leveraged Currency | BOAT vs YCS | |
| US Treasury 6 Month Bill ETF | -0.13 | -0.07 | — | 100 | Ultrashort Bond | BOAT vs XBIL | |
| Texas Capital Government Money Market ETF | -0.11 | — | — | 100 | Money Market | BOAT vs MMKT | |
| Eaton Vance Ultra-Short Income ETF | -0.09 | -0.03 | -0.03 | 99 | Ultrashort Bond | BOAT vs EVSB | |
| Cambria Tactical Yield ETF | -0.09 | — | — | 99 | BOAT vs TYLD |
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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 Kinder Morgan, Inc. (KMI) (Energy) with a 1Y correlation of 0.12, down from 0.24 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Kinder Morgan, Inc. | 0.12 | 0.24 | — | 60 | Energy | |
| Taiwan Semiconductor Manufacturing Company Limited | 0.14 | 0.25 | — | 95 | Technology | |
| Merck & Co., Inc. | 0.16 | 0.10 | — | 87 | Healthcare | |
| Ford Motor Company | 0.17 | 0.22 | — | 82 | Consumer Cyclical | |
| Flagstar Financial, Inc. | 0.20 | 0.19 | — | 61 | Financial Services |
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