Looking to diversify beyond BOAT? The ETFs below have historically moved differently from BOAT, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for BOAT
1031 ETFs have low correlation with BOAT (below 0.3), 53 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.19, down from -0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.19 | -0.05 | -0.06 | 56 | Leveraged Currency | BOAT vs YCS | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.18 | — | — | 58 | Derivative Income | BOAT vs WNTR | |
| US Treasury 6 Month Bill ETF | -0.13 | -0.07 | — | 100 | Ultrashort Bond | BOAT vs XBIL | |
| Vanguard 0-3 Month Treasury Bill ETF | -0.11 | — | — | 100 | Ultrashort Bond | BOAT vs VBIL | |
| Cambria Tactical Yield ETF | -0.11 | — | — | 99 | Tactical Allocation | BOAT vs TYLD |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BOAT, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.09, down from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.09 | 0.01 | 0.09 | 63 | Consumer Defensive | |
| Eli Lilly and Company | -0.01 | 0.10 | 0.09 | 81 | Healthcare | |
| The Coca-Cola Company | 0.03 | 0.02 | 0.11 | 86 | Consumer Defensive | |
| Chubb Limited | 0.04 | 0.04 | — | 87 | Financial Services | |
| Verizon Communications Inc. | 0.06 | 0.07 | 0.11 | 63 | Communication Services |
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