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
2050 ETFs have low correlation with BOXX (below 0.3), 1224 of which are negatively correlated. The least correlated is SPDR Nuveen Municipal Bond ETF (MBND) (Municipal Bonds) 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 |
|---|---|---|---|---|---|---|---|
| SPDR Nuveen Municipal Bond ETF | -0.17 | -0.03 | — | 56 | Municipal Bonds | BOXX vs MBND | |
| Franklin FTSE Japan Hedged ETF | -0.17 | -0.04 | — | 91 | Japan Equities, Asia Pacific Equities | BOXX vs FLJH | |
| BondBloxx IR+M Tax-Aware ETF for Massachusetts Res... | -0.16 | — | — | 73 | Municipal Bonds | BOXX vs TAXM | |
| Nomura National High-Yield Municipal Bond ETF | -0.16 | — | — | 77 | High Yield Muni | BOXX vs HTAX | |
| VanEck CEF Municipal Income ETF | -0.15 | 0.01 | — | 61 | High Yield Muni | BOXX vs XMPT |
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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 -0.12, roughly unchanged from -0.04 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| General Motors Company | -0.12 | -0.04 | — | 84 | Consumer Cyclical | |
| GE Vernova Inc. | -0.12 | — | — | 90 | Industrials | |
| Arm Holdings plc American Depositary Shares | -0.11 | — | — | 85 | Technology | |
| Riot Platforms, Inc. | -0.11 | -0.01 | — | 70 | Technology | |
| American Express Company | -0.10 | 0.01 | — | 53 | Financial Services |
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