Looking to balance out your exposure to BOH? The ETFs below have the lowest correlation with BOH — they tend to move on their own, which can help reduce risk when BOH drops. The stock ideas table highlights individual companies that behave independently from BOH.
Best Diversifiers for BOH
0 ETFs have low correlation with BOH (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.46, roughly unchanged from 0.49 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.46 | 0.42 | 0.49 | 70 | S&P 500 | BOH vs VOO | |
| State Street SPDR S&P 500 ETF | 0.47 | 0.42 | 0.49 | 70 | S&P 500 | BOH vs SPY | |
| iShares Core Dividend Growth ETF | 0.59 | 0.57 | 0.60 | 71 | Large Cap Growth Equities, Dividend | BOH vs DGRO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BOH, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BOH and solid risk/return profiles. The least correlated is Fifth Third Bancorp (FITB) (Financial Services) with a 1Y correlation of 0.64, roughly unchanged from 0.73 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Fifth Third Bancorp | 0.64 | 0.71 | 0.73 | 72 | Financial Services | |
| The PNC Financial Services Group, Inc. | 0.70 | 0.70 | 0.71 | 72 | Financial Services | |
| Zions Bancorporation, National Association | 0.77 | 0.76 | 0.75 | 67 | Financial Services |
Build a portfolio that complements BOH
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