Looking to balance out your exposure to BSBR? The ETFs below have the lowest correlation with BSBR — they tend to move on their own, which can help reduce risk when BSBR drops. The stock ideas table highlights individual companies that behave independently from BSBR.
Best Diversifiers for BSBR
2 ETFs have low correlation with BSBR (below 0.3), 0 of which are negatively correlated. The least correlated is iShares 1-3 Year Treasury Bond ETF (SHY) (Government Bonds) with a 1Y correlation of 0.15, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 1-3 Year Treasury Bond ETF | 0.15 | 0.18 | 0.09 | 77 | Government Bonds, Short-Term Bond | BSBR vs SHY | |
| iShares 1-5 Year Investment Grade Corporate Bond E... | 0.22 | 0.26 | 0.18 | 73 | Corporate Bonds | BSBR vs IGSB | |
| ProShares Ultra Nasdaq Biotechnology | 0.33 | 0.31 | 0.25 | 83 | Leveraged Equities | BSBR vs BIB | |
| Federated Hermes Short Duration High Yield ETF | 0.33 | 0.33 | — | 82 | High Yield Bonds | BSBR vs FHYS | |
| ProShares Ultra Technology | 0.35 | 0.26 | 0.23 | 63 | Leveraged Equities | BSBR vs ROM |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BSBR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BSBR and solid risk/return profiles. The least correlated is Eli Lilly and Company (LLY) (Healthcare) with a 1Y correlation of 0.03, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eli Lilly and Company | 0.03 | 0.06 | 0.08 | 75 | Healthcare | |
| HCI Group, Inc. | 0.04 | 0.14 | 0.13 | 58 | Financial Services | |
| Healthcare Services Group, Inc. | 0.21 | 0.20 | 0.23 | 83 | Healthcare | |
| Pfizer Inc. | 0.24 | 0.21 | 0.15 | 50 | Healthcare | |
| NVIDIA Corporation | 0.28 | 0.17 | 0.16 | 70 | Technology |
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