Looking to balance out your exposure to BUD? The ETFs below have the lowest correlation with BUD — they tend to move on their own, which can help reduce risk when BUD drops. The stock ideas table highlights individual companies that behave independently from BUD.
Best Diversifiers for BUD
4 ETFs have low correlation with BUD (below 0.3), 0 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of 0.01, roughly unchanged from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | 0.01 | 0.03 | 0.03 | 100 | Ultrashort Bond | BUD vs SGOV | |
| Vanguard S&P 500 ETF | 0.11 | 0.24 | 0.37 | 70 | S&P 500 | BUD vs VOO | |
| State Street SPDR S&P 500 ETF | 0.12 | 0.24 | 0.36 | 70 | S&P 500 | BUD vs SPY | |
| Vanguard Total Stock Market ETF | 0.12 | 0.25 | 0.37 | 68 | Large Cap Blend Equities | BUD vs VTI |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BUD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BUD and solid risk/return profiles. The least correlated is Cenovus Energy Inc. (CVE) (Energy) with a 1Y correlation of -0.05, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cenovus Energy Inc. | -0.05 | 0.06 | 0.15 | 95 | Energy | |
| Tesla, Inc. | 0.03 | 0.10 | 0.16 | 55 | Consumer Cyclical | |
| Exxon Mobil Corporation | 0.03 | 0.12 | 0.18 | 85 | Energy | |
| The New York Times Company | 0.03 | 0.15 | 0.19 | 78 | Communication Services | |
| Core Natural Resources, Inc | 0.04 | 0.06 | 0.11 | 68 | Energy |
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