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
243 ETFs have low correlation with BP (below 0.3), 157 of which are negatively correlated. The least correlated is Vanguard Short-Term Bond Index Fund ETF Shares (BSV) (Short-Term Bond) with a 1Y correlation of -0.24, down from -0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Short-Term Bond Index Fund ETF Shares | -0.24 | -0.12 | -0.10 | 69 | Short-Term Bond | BP vs BSV | |
| Vanguard Short-Term Treasury ETF | -0.24 | -0.14 | -0.12 | 89 | Government Bonds, Short-Term Bond | BP vs VGSH | |
| Vanguard Short-Term Corporate Bond ETF | -0.23 | -0.08 | -0.03 | 80 | Corporate Bonds | BP vs VCSH | |
| PIMCO Multisector Bond Active Exchange-Traded Fund | -0.22 | -0.05 | — | 74 | Multisector Bonds | BP vs PYLD | |
| Schwab Short-Term U.S. Treasury ETF | -0.22 | -0.15 | -0.12 | 89 | Government Bonds, Short-Term Bond | BP vs SCHO |
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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 JetBlue Airways Corporation (JBLU) (Industrials) with a 1Y correlation of -0.20, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| JetBlue Airways Corporation | -0.20 | 0.02 | 0.14 | 59 | Industrials | |
| Banco de Sabadell SA ADR | -0.18 | -0.01 | 0.02 | 66 | Financial Services | |
| The Bank of Nova Scotia | -0.17 | 0.08 | 0.29 | 97 | Financial Services | |
| Monster Beverage Corporation | -0.16 | -0.02 | 0.03 | 94 | Consumer Defensive | |
| Ford Motor Company | -0.14 | 0.15 | 0.27 | 71 | Consumer Cyclical |
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