Looking to balance out your exposure to BTZ? The ETFs below have historically moved differently from BTZ, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for BTZ
1 ETFs have low correlation with BTZ (below 0.3), 1 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.15, down from -0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.15 | -0.03 | -0.02 | 100 | Ultrashort Bond | BTZ vs SGOV | |
| State Street Blackstone Senior Loan ETF | 0.31 | 0.32 | 0.35 | 59 | Bank Loan, High Yield Bonds | BTZ vs SRLN | |
| State Street SPDR S&P 500 ETF | 0.46 | 0.37 | 0.40 | 67 | S&P 500 | BTZ vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BTZ, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Plains All American Pipeline, L.P. (PAA) (Energy) with a 1Y correlation of -0.20, down from 0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Plains All American Pipeline, L.P. | -0.20 | 0.08 | 0.15 | 93 | Energy | |
| Altria Group, Inc. | -0.15 | 0.06 | 0.08 | 66 | Consumer Defensive | |
| Enterprise Products Partners L.P. | -0.11 | 0.10 | 0.16 | 89 | Energy | |
| Energy Transfer LP | -0.07 | 0.11 | 0.16 | 81 | Energy | |
| Verizon Communications Inc. | -0.06 | 0.11 | 0.14 | 66 | Communication Services |
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