Looking to diversify beyond BUG? The ETFs below have the lowest correlation with BUG — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from BUG.
Best Diversifiers for BUG
777 ETFs have low correlation with BUG (below 0.3), 34 of which are negatively correlated. The least correlated is Breakwave Tanker Shipping ETF (BWET) (Commodities) with a 1Y correlation of -0.14, roughly unchanged from -0.06 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Breakwave Tanker Shipping ETF | -0.14 | -0.06 | — | 98 | Commodities | BUG vs BWET | |
| 6 Meridian Hedged Equity-Index Option Strategy ETF | -0.13 | 0.10 | 0.18 | 57 | Volatility Hedged Equity | BUG vs SIXH | |
| Direxion Daily NFLX Bear 1X Shares | -0.12 | -0.29 | -0.29 | 55 | Inverse Equities | BUG vs NFXS | |
| iShares Core High Dividend ETF | -0.11 | 0.15 | 0.25 | 70 | Dividend, Large Cap Value Equities | BUG vs HDV | |
| ProShares UltraShort Yen | -0.11 | -0.02 | -0.05 | 63 | Leveraged Currency | BUG vs YCS |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BUG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BUG and solid risk/return profiles. The least correlated is Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.25, down from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.25 | -0.11 | -0.03 | 62 | Utilities | |
| The Coca-Cola Company | -0.25 | -0.04 | 0.07 | 74 | Consumer Defensive | |
| Johnson & Johnson | -0.24 | -0.09 | -0.01 | 96 | Healthcare | |
| Altria Group, Inc. | -0.21 | -0.05 | 0.00 | 72 | Consumer Defensive | |
| PepsiCo, Inc. | -0.20 | -0.03 | 0.05 | 61 | Consumer Defensive |
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Build a portfolio that complements BUG
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