Looking to balance out your exposure to BVS? The ETFs below have the lowest correlation with BVS — they tend to move on their own, which can help reduce risk when BVS drops. The stock ideas table highlights individual companies that behave independently from BVS.
Best Diversifiers for BVS
1 ETFs have low correlation with BVS (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 -0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.07 | -0.03 | -0.00 | 100 | Ultrashort Bond | BVS vs SGOV |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BVS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BVS and solid risk/return profiles. The least correlated is Chord Energy Corp (CHRD) (Energy) with a 1Y correlation of -0.03, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chord Energy Corp | -0.03 | 0.04 | 0.09 | 78 | Energy | |
| Cboe Global Markets, Inc. | 0.04 | -0.03 | 0.06 | 71 | Financial Services | |
| Teekay Tankers Ltd. | 0.05 | 0.05 | 0.06 | 80 | Energy | |
| Fortinet, Inc. | 0.06 | 0.15 | 0.23 | 69 | Technology | |
| F5 Networks, Inc. | 0.14 | 0.19 | 0.25 | 69 | Technology |
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