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
259 ETFs have low correlation with BP (below 0.3), 165 of which are negatively correlated. The least correlated is Schwab Short-Term U.S. Treasury ETF (SCHO) (Government Bonds) with a 1Y correlation of -0.26, 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 | -0.26 | -0.14 | -0.12 | 81 | Government Bonds, Short-Term Bond | BP vs SCHO | |
| Vanguard Short-Term Corporate Bond ETF | -0.23 | -0.05 | -0.03 | 74 | Corporate Bonds | BP vs VCSH | |
| Vanguard Emerging Markets Government Bond ETF | -0.20 | 0.03 | 0.11 | 60 | Emerging Markets Bonds | BP vs VWOB | |
| Vanguard Short-Term Bond Index Fund ETF Shares | -0.19 | -0.07 | -0.09 | 61 | Short-Term Bond | BP vs BSV | |
| Unusual Whales Subversive Democratic Trading ETF | -0.17 | 0.06 | — | 51 | Large Cap Blend Equities | BP vs NANC |
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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 Monster Beverage Corporation (MNST) (Consumer Defensive) with a 1Y correlation of -0.17, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Monster Beverage Corporation | -0.17 | -0.01 | 0.04 | 79 | Consumer Defensive | |
| Banco de Sabadell SA ADR | -0.16 | 0.02 | 0.04 | 63 | Financial Services | |
| Ford Motor Company | -0.14 | 0.15 | 0.28 | 82 | Consumer Cyclical | |
| Carnival Corporation & Plc | -0.14 | 0.00 | 0.17 | 50 | Consumer Cyclical | |
| The Bank of Nova Scotia | -0.12 | 0.15 | 0.29 | 94 | Financial Services |
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