Looking to balance out your exposure to BOTJ? The ETFs below have the lowest correlation with BOTJ — they tend to move on their own, which can help reduce risk when BOTJ drops. The stock ideas table highlights individual companies that behave independently from BOTJ.
Best Diversifiers for BOTJ
1 ETFs have low correlation with BOTJ (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 0.07, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.07 | 0.09 | 0.08 | 66 | S&P 500 | BOTJ vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BOTJ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BOTJ and solid risk/return profiles. The least correlated is Western Digital Corporation (WDC) (Technology) with a 1Y correlation of -0.02, roughly unchanged from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Western Digital Corporation | -0.02 | 0.03 | 0.06 | 99 | Technology | |
| Micron Technology, Inc. | -0.02 | 0.04 | 0.05 | 99 | Technology | |
| Johnson & Johnson | 0.01 | 0.03 | 0.00 | 96 | Healthcare | |
| International Seaways, Inc. | 0.01 | 0.04 | 0.01 | 98 | Energy | |
| Welltower Inc. | 0.04 | 0.05 | 0.03 | 93 | Real Estate |
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