Looking to balance out your exposure to BOC? The ETFs below have the lowest correlation with BOC — they tend to move on their own, which can help reduce risk when BOC drops. The stock ideas table highlights individual companies that behave independently from BOC.
Best Diversifiers for BOC
9 ETFs have low correlation with BOC (below 0.3), 1 of which are negatively correlated. The least correlated is Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) (Inflation-Protected Bonds) with a 1Y correlation of -0.00, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Short-Term Inflation-Protected Securities... | -0.00 | 0.12 | 0.12 | 93 | Inflation-Protected Bonds | BOC vs VTIP | |
| Alpha Architect 1-3 Month Box ETF | 0.02 | 0.03 | 0.02 | 100 | Ultrashort Bond | BOC vs BOXX | |
| iShares 0-3 Month Treasury Bond ETF | 0.05 | 0.03 | -0.00 | 100 | Ultrashort Bond | BOC vs SGOV | |
| JPMorgan Nasdaq Equity Premium Income ETF | 0.16 | 0.23 | — | 74 | Nasdaq-100, Derivative Income | BOC vs JEPQ | |
| iMGP DBi Managed Futures Strategy ETF | 0.17 | 0.10 | 0.00 | 83 | Systematic Trend | BOC vs DBMF |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BOC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BOC and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.03, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.03 | 0.06 | 0.23 | 78 | Technology | |
| Chubb Limited | 0.07 | 0.15 | 0.22 | 51 | Financial Services | |
| Eli Lilly and Company | 0.07 | 0.04 | 0.09 | 72 | Healthcare | |
| Medpace Holdings, Inc. | 0.15 | 0.24 | 0.33 | 68 | Healthcare | |
| Tesla, Inc. | 0.20 | 0.24 | 0.31 | 55 | Consumer Cyclical |
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