Looking to balance out your exposure to BTZ? The ETFs below have the lowest correlation with BTZ — they tend to move on their own, which can help reduce risk when BTZ drops. The stock ideas table highlights individual companies that behave independently from BTZ.
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.
| 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 | |
| SPDR Blackstone Senior Loan ETF | 0.32 | 0.32 | 0.35 | 52 | High Yield Bonds | BTZ vs SRLN | |
| State Street SPDR S&P 500 ETF | 0.45 | 0.38 | 0.40 | 70 | S&P 500 | BTZ vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BTZ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BTZ and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.19, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.19 | 0.05 | 0.08 | 69 | Consumer Defensive | |
| Plains All American Pipeline, L.P. | -0.17 | 0.10 | 0.16 | 87 | Energy | |
| Enterprise Products Partners L.P. | -0.10 | 0.12 | 0.17 | 85 | Energy | |
| Energy Transfer LP | -0.07 | 0.12 | 0.17 | 69 | Energy | |
| Verizon Communications Inc. | -0.05 | 0.13 | 0.15 | 59 | Communication Services |
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