Looking to balance out your exposure to BUR? The ETFs below have the lowest correlation with BUR — they tend to move on their own, which can help reduce risk when BUR drops. The stock ideas table highlights individual companies that behave independently from BUR.
Best Diversifiers for BUR
2 ETFs have low correlation with BUR (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 -0.07, roughly unchanged 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 | -0.07 | -0.03 | -0.02 | 100 | Ultrashort Bond | BUR vs SGOV | |
| Invesco Ultra Short Duration ETF | 0.06 | 0.08 | 0.05 | 100 | Ultrashort Bond | BUR vs GSY | |
| Invesco NASDAQ 100 ETF | 0.42 | 0.40 | 0.40 | 75 | Nasdaq-100 | BUR vs QQQM | |
| Vanguard S&P 500 ETF | 0.46 | 0.45 | 0.45 | 74 | S&P 500 | BUR vs VOO | |
| State Street SPDR S&P 500 ETF | 0.46 | 0.45 | 0.45 | 74 | S&P 500 | BUR vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BUR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BUR and solid risk/return profiles. The least correlated is Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.11, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.11 | 0.02 | 0.05 | 57 | Utilities | |
| Chevron Corporation | -0.07 | 0.10 | 0.17 | 84 | Energy | |
| Exxon Mobil Corporation | -0.06 | 0.09 | 0.16 | 86 | Energy | |
| Altria Group, Inc. | -0.05 | 0.04 | 0.10 | 73 | Consumer Defensive | |
| Murphy USA Inc. | 0.03 | 0.08 | 0.14 | 64 | Consumer Cyclical |
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