Looking to balance out your exposure to BUI? The ETFs below have the lowest correlation with BUI — they tend to move on their own, which can help reduce risk when BUI drops. The stock ideas table highlights individual companies that behave independently from BUI.
Best Diversifiers for BUI
14 ETFs have low correlation with BUI (below 0.3), 4 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 -0.00 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 | -0.01 | -0.00 | 100 | Ultrashort Bond | BUI vs SGOV | |
| iShares Treasury Floating Rate Bond ETF | -0.11 | -0.04 | -0.08 | 100 | Government Bonds, Ultrashort Bond | BUI vs TFLO | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.07 | -0.04 | -0.03 | 100 | Government Bonds, Ultrashort Bond | BUI vs BIL | |
| iShares 0-1 Year Treasury Bond ETF | -0.01 | 0.04 | 0.04 | 100 | Government Bonds, Ultrashort Bond | BUI vs SHV | |
| VanEck CLO ETF | 0.03 | 0.04 | — | 97 | CLO | BUI vs CLOI |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BUI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BUI and solid risk/return profiles. The least correlated is Capital Southwest Corporation (CSWC) (Financial Services) with a 1Y correlation of 0.11, down from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Capital Southwest Corporation | 0.11 | 0.21 | 0.28 | 76 | Financial Services | |
| Ellington Financial Inc. | 0.17 | 0.33 | 0.38 | 69 | Real Estate | |
| BlackRock Science and Technology Trust | 0.26 | 0.27 | 0.36 | 88 | Financial Services | |
| BlackRock Science and Technology Trust II | 0.30 | 0.33 | 0.40 | 95 | Financial Services | |
| Eaton Vance Tax-Managed Buy-Write Opportunities Fu... | 0.31 | 0.33 | 0.39 | 79 | Financial Services |
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