Looking to diversify beyond BOXX? The ETFs below have the lowest correlation with BOXX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from BOXX.
Best Diversifiers for BOXX
2068 ETFs have low correlation with BOXX (below 0.3), 984 of which are negatively correlated. The least correlated is Franklin FTSE Japan Hedged ETF (FLJH) (Japan Equities) with a 1Y correlation of -0.17, down from -0.03 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Franklin FTSE Japan Hedged ETF | -0.17 | -0.03 | — | 89 | Japan Equities | BOXX vs FLJH | |
| BondBloxx IR+M Tax-Aware ETF for Massachusetts Res... | -0.16 | — | — | 68 | Municipal Bonds | BOXX vs TAXM | |
| Capital Group Municipal Income ETF | -0.15 | -0.02 | — | 74 | Municipal Bonds | BOXX vs CGMU | |
| Nomura National High-Yield Municipal Bond ETF | -0.15 | — | — | 55 | High Yield Muni | BOXX vs HTAX | |
| WisdomTree Japan Hedged Equity Fund | -0.14 | -0.01 | — | 93 | Japan Equities | BOXX vs DXJ |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BOXX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BOXX and solid risk/return profiles. The least correlated is General Motors Company (GM) (Consumer Cyclical) with a 1Y correlation of -0.16, down from -0.04 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| General Motors Company | -0.16 | -0.04 | — | 89 | Consumer Cyclical | |
| BHP Group Limited | -0.13 | -0.07 | — | 93 | Basic Materials | |
| The Bank of Nova Scotia | -0.13 | -0.00 | — | 96 | Financial Services | |
| BlackRock, Inc. | -0.12 | 0.02 | — | 52 | Financial Services | |
| American Express Company | -0.11 | 0.01 | — | 56 | Financial Services |
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