Looking to balance out your exposure to BP? The ETFs below have the lowest correlation with BP — they tend to move on their own, which can help reduce risk when BP drops. The stock ideas table highlights individual companies that behave independently from BP.
Best Diversifiers for BP
248 ETFs have low correlation with BP (below 0.3), 131 of which are negatively correlated. The least correlated is Schwab Short-Term U.S. Treasury ETF (SCHO) (Government Bonds) with a 1Y correlation of -0.24, down from -0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab Short-Term U.S. Treasury ETF | -0.24 | -0.14 | -0.12 | 82 | Government Bonds, Short-Term Bond | BP vs SCHO | |
| Vanguard Short-Term Bond Index Fund ETF Shares | -0.24 | -0.10 | -0.10 | 63 | Short-Term Bond | BP vs BSV | |
| Vanguard Short-Term Corporate Bond ETF | -0.23 | -0.06 | -0.03 | 79 | Corporate Bonds | BP vs VCSH | |
| iShares 1-3 Year Treasury Bond ETF | -0.21 | -0.11 | -0.10 | 80 | Government Bonds, Short-Term Bond | BP vs SHY | |
| Vanguard Emerging Markets Government Bond ETF | -0.21 | 0.03 | 0.10 | 64 | Emerging Markets Bonds | BP vs VWOB |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BP and solid risk/return profiles. The least correlated is Banco de Sabadell SA ADR (BNDSY) (Financial Services) with a 1Y correlation of -0.18, down from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Banco de Sabadell SA ADR | -0.18 | 0.00 | 0.03 | 73 | Financial Services | |
| Monster Beverage Corporation | -0.16 | -0.02 | 0.03 | 89 | Consumer Defensive | |
| Howmet Aerospace Inc. | -0.14 | 0.04 | 0.22 | 86 | Industrials | |
| General Electric Company | -0.14 | 0.04 | 0.21 | 81 | Industrials | |
| The Bank of Nova Scotia | -0.13 | 0.12 | 0.29 | 97 | Financial Services |
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