Looking to balance out your exposure to BPXXY? The ETFs below have the lowest correlation with BPXXY — they tend to move on their own, which can help reduce risk when BPXXY drops. The stock ideas table highlights individual companies that behave independently from BPXXY.
No Diversifiers Found for BPXXY
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BPXXY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BPXXY and solid risk/return profiles. The least correlated is DT Midstream, Inc. (DTM) (Energy) with a 1Y correlation of -0.01, roughly unchanged from 0.04 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| DT Midstream, Inc. | -0.01 | 0.05 | — | 90 | Energy | |
| Walmart Inc. | 0.02 | 0.02 | 0.01 | 68 | Consumer Defensive | |
| Alliance Entertainment Holding Corporation Class A... | 0.04 | 0.03 | 0.03 | 68 | Communication Services | |
| Hachijuni Bank Ltd ADR | 0.10 | 0.09 | 0.07 | 88 | Financial Services | |
| Banco Bilbao Vizcaya Argentaria, S.A. | 0.12 | 0.08 | 0.07 | 88 | Financial Services |
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