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
34 ETFs have low correlation with BSX (below 0.3), 6 of which are negatively correlated. The least correlated is iShares iBonds Dec 2025 Term Treasury ETF (IBTF) (Government Bonds) with a 1Y correlation of -0.13, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares iBonds Dec 2025 Term Treasury ETF | -0.13 | 0.01 | 0.04 | 99 | Government Bonds | BSX vs IBTF | |
| iShares iBonds Dec 2026 Term Treasury ETF | -0.07 | 0.00 | 0.04 | 99 | Government Bonds | BSX vs IBTG | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.07 | -0.04 | -0.01 | 100 | Government Bonds, Ultrashort Bond | BSX vs BIL | |
| iShares Semiconductor ETF | -0.04 | 0.15 | 0.26 | 96 | Semiconductors, Technology Equities | BSX vs SOXX | |
| VanEck Semiconductor ETF | -0.04 | 0.16 | 0.27 | 96 | Semiconductors, Technology Equities | BSX vs SMH |
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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 -0.17, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Dell Technologies Inc. | -0.17 | 0.06 | 0.19 | 96 | Technology | |
| Kosmos Energy Ltd. | -0.14 | -0.02 | 0.06 | 65 | Energy | |
| Hachijuni Bank Ltd ADR | -0.14 | -0.08 | -0.02 | 82 | Financial Services | |
| Applied Materials, Inc. | -0.10 | 0.11 | 0.23 | 97 | Technology | |
| Powell Industries, Inc. | -0.10 | 0.09 | 0.16 | 98 | Industrials |
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