Looking to balance out your exposure to BOXL? The ETFs below have historically moved differently from BOXL, 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 BOXL
1 ETFs have low correlation with BOXL (below 0.3), 1 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.01, roughly unchanged from -0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.01 | -0.01 | -0.03 | 100 | Ultrashort Bond | BOXL vs SGOV |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BOXL, 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 Coeur Mining, Inc. (CDE) (Basic Materials) with a 1Y correlation of 0.03, roughly unchanged from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Coeur Mining, Inc. | 0.03 | 0.06 | 0.13 | 73 | Basic Materials | |
| Kraken Robotics Inc | 0.11 | 0.14 | 0.12 | 73 | Technology | |
| Opendoor Technologies Inc. | 0.19 | 0.17 | 0.28 | 76 | Real Estate |
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