Looking to balance out your exposure to BSX? The ETFs below have the lowest correlation with BSX — they tend to move on their own, which can help reduce risk when BSX drops. The stock ideas table highlights individual companies that behave independently from BSX.
Best Diversifiers for BSX
33 ETFs have low correlation with BSX (below 0.3), 11 of which are negatively correlated. The least correlated is iShares Semiconductor ETF (SOXX) (Semiconductors) with a 1Y correlation of -0.12, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Semiconductor ETF | -0.12 | 0.10 | 0.23 | 91 | Semiconductors, Technology Equities | BSX vs SOXX | |
| VanEck Semiconductor ETF | -0.11 | 0.12 | 0.24 | 90 | Semiconductors, Technology Equities | BSX vs SMH | |
| Invesco S&P 500 Momentum ETF | -0.10 | 0.23 | 0.36 | 51 | Momentum, S&P 500 | BSX vs SPMO | |
| iShares iBonds Dec 2026 Term Treasury ETF | -0.09 | 0.01 | 0.05 | 99 | Government Bonds | BSX vs IBTG | |
| iShares iBonds Dec 2025 Term Treasury ETF | -0.07 | 0.02 | 0.05 | 99 | Government Bonds | BSX vs IBTF |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BSX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BSX and solid risk/return profiles. The least correlated is Dell Technologies Inc. (DELL) (Technology) with a 1Y correlation of -0.22, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Dell Technologies Inc. | -0.22 | 0.03 | 0.17 | 96 | Technology | |
| Seagate Technology plc | -0.18 | 0.06 | 0.18 | 98 | Technology | |
| Vertiv Holdings Co. | -0.18 | 0.14 | 0.25 | 92 | Industrials | |
| Argan, Inc. | -0.18 | 0.07 | 0.15 | 92 | Industrials | |
| Everpure, Inc. | -0.18 | 0.07 | 0.18 | 58 | Technology |
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