Looking to balance out your exposure to BRO? The ETFs below have the lowest correlation with BRO — they tend to move on their own, which can help reduce risk when BRO drops. The stock ideas table highlights individual companies that behave independently from BRO.
Best Diversifiers for BRO
10 ETFs have low correlation with BRO (below 0.3), 7 of which are negatively correlated. The least correlated is State Street Technology Select Sector SPDR ETF (XLK) (Technology Equities) with a 1Y correlation of -0.17, down from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Technology Select Sector SPDR ETF | -0.17 | 0.07 | 0.30 | 83 | Technology Equities | BRO vs XLK | |
| Invesco QQQ ETF | -0.15 | 0.08 | 0.31 | 73 | Nasdaq-100 | BRO vs QQQ | |
| Invesco S&P 500 Momentum ETF | -0.13 | 0.14 | 0.36 | 75 | Momentum, S&P 500 | BRO vs SPMO | |
| iMGP DBi Managed Futures Strategy ETF | -0.05 | 0.01 | -0.04 | 83 | Systematic Trend | BRO vs DBMF | |
| Vanguard S&P 500 ETF | -0.03 | 0.21 | 0.43 | 70 | S&P 500 | BRO vs VOO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BRO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BRO and solid risk/return profiles. The least correlated is Taiwan Semiconductor Manufacturing Company Limited (TSM) (Technology) with a 1Y correlation of -0.25, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Taiwan Semiconductor Manufacturing Company Limited | -0.25 | -0.06 | 0.11 | 95 | Technology | |
| Sterling Construction Company, Inc. | -0.24 | 0.02 | 0.14 | 97 | Industrials | |
| KLA Corporation | -0.24 | -0.01 | 0.20 | 95 | Technology | |
| Alphabet Inc. Class A | -0.23 | -0.05 | 0.19 | 96 | Communication Services | |
| Seagate Technology plc | -0.23 | 0.02 | 0.19 | 99 | Technology |
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Build a portfolio that complements BRO
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