Looking to balance out your exposure to BOXL? The ETFs below have the lowest correlation with BOXL — they tend to move on their own, which can help reduce risk when BOXL drops. The stock ideas table highlights individual companies that behave independently from BOXL.
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 -0.02, roughly unchanged from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.02 | -0.02 | -0.02 | 100 | Ultrashort Bond | BOXL vs SGOV |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BOXL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BOXL and solid risk/return profiles. The least correlated is Kraken Robotics Inc (KRKNF) (Technology) with a 1Y correlation of 0.12, roughly unchanged from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Kraken Robotics Inc | 0.12 | 0.12 | 0.12 | 92 | Technology | |
| Opendoor Technologies Inc. | 0.20 | 0.17 | 0.28 | 96 | Real Estate |
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