Looking to balance out your exposure to BOX? The ETFs below have the lowest correlation with BOX — they tend to move on their own, which can help reduce risk when BOX drops. The stock ideas table highlights individual companies that behave independently from BOX.
Best Diversifiers for BOX
4 ETFs have low correlation with BOX (below 0.3), 0 of which are negatively correlated. The least correlated is US Treasury 3 Month Bill ETF (TBIL) (Ultrashort Bond) with a 1Y correlation of 0.07, roughly unchanged from 0.03 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| US Treasury 3 Month Bill ETF | 0.07 | 0.03 | — | 100 | Ultrashort Bond | BOX vs TBIL | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | 0.13 | 0.02 | 0.01 | 100 | Government Bonds, Ultrashort Bond | BOX vs BIL | |
| State Street SPDR S&P 500 ETF | 0.23 | 0.36 | 0.47 | 74 | S&P 500 | BOX vs SPY | |
| Vanguard Total Stock Market ETF | 0.24 | 0.37 | 0.49 | 73 | Large Cap Blend Equities | BOX vs VTI |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BOX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BOX and solid risk/return profiles. The least correlated is Eldorado Gold Corporation (EGO) (Basic Materials) with a 1Y correlation of -0.07, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eldorado Gold Corporation | -0.07 | -0.01 | 0.09 | 66 | Basic Materials | |
| Southwest Gas Holdings, Inc. | -0.04 | 0.11 | 0.14 | 73 | Utilities | |
| Imax Corp | -0.03 | 0.08 | 0.21 | 71 | Communication Services | |
| Warrior Met Coal, Inc. | -0.01 | 0.09 | 0.11 | 90 | Basic Materials | |
| Enterprise Products Partners L.P. | -0.01 | 0.11 | 0.20 | 85 | Energy |
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