Looking to diversify beyond BPH? The ETFs below have historically moved differently from BPH, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for BPH
2042 ETFs have low correlation with BPH (below 0.3), 1742 of which are negatively correlated. The least correlated is Madison Short-Term Strategic Income ETF (MSTI) (Short-Term Bond) with a 1Y correlation of -0.55, roughly unchanged from -0.55 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Madison Short-Term Strategic Income ETF | -0.55 | -0.55 | -0.55 | 64 | Short-Term Bond | BPH vs MSTI | |
| Dimensional National Municipal Bond ETF | -0.54 | -0.54 | -0.54 | 77 | Municipal Bonds | BPH vs DFNM | |
| SPDR S&P Health Care Services ETF | -0.54 | -0.54 | -0.54 | 93 | Health & Biotech Equities | BPH vs XHS | |
| iShares ESG Advanced High Yield Corporate Bond ETF | -0.52 | -0.52 | -0.52 | 51 | High Yield Bonds | BPH vs HYXF | |
| iShares J.P. Morgan USD Emerging Markets Bond ETF | -0.52 | -0.52 | -0.52 | 53 | Emerging Markets Bonds | BPH vs EMB |
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