Looking to balance out your exposure to BX? The ETFs below have the lowest correlation with BX — they tend to move on their own, which can help reduce risk when BX drops. The stock ideas table highlights individual companies that behave independently from BX.
Best Diversifiers for BX
80 ETFs have low correlation with BX (below 0.3), 7 of which are negatively correlated. The least correlated is WisdomTree Floating Rate Treasury Fund (USFR) (Government Bonds) with a 1Y correlation of -0.13, roughly unchanged from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| WisdomTree Floating Rate Treasury Fund | -0.13 | -0.06 | -0.04 | 100 | Government Bonds, Ultrashort Bond | BX vs USFR | |
| Invesco DB Commodity Index Tracking Fund | -0.13 | 0.00 | 0.11 | 60 | Commodities | BX vs DBC | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.12 | 0.00 | 0.10 | 61 | Commodities | BX vs PDBC | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.06 | -0.05 | -0.02 | 100 | Government Bonds, Ultrashort Bond | BX vs BIL | |
| iShares 0-3 Month Treasury Bond ETF | -0.03 | 0.00 | -0.00 | 100 | Ultrashort Bond | BX vs SGOV |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BX and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.14, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.14 | 0.02 | 0.11 | 77 | Consumer Defensive | |
| The Coca-Cola Company | -0.13 | 0.01 | 0.15 | 81 | Consumer Defensive | |
| Verizon Communications Inc. | -0.08 | 0.04 | 0.11 | 59 | Communication Services | |
| McKesson Corporation | -0.07 | -0.06 | 0.06 | 58 | Healthcare | |
| Murphy USA Inc. | -0.07 | 0.08 | 0.14 | 75 | Consumer Cyclical |
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