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
81 ETFs have low correlation with BX (below 0.3), 12 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.18, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.18 | -0.04 | 0.06 | 66 | Oil & Gas | BX vs USO | |
| ProShares Ultra Bloomberg Crude Oil | -0.15 | -0.02 | 0.08 | 54 | Leveraged Commodities | BX vs UCO | |
| Invesco DB Commodity Index Tracking Fund | -0.15 | 0.01 | 0.11 | 76 | Commodities | BX vs DBC | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.15 | 0.01 | 0.11 | 76 | Commodities | BX vs PDBC | |
| WisdomTree Floating Rate Treasury Fund | -0.11 | -0.03 | -0.04 | 100 | Government Bonds, Ultrashort Bond | BX vs USFR |
To view more results, upgrade your current subscription plan.
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 -0.12, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.12 | 0.05 | 0.12 | 73 | Consumer Defensive | |
| The Coca-Cola Company | -0.07 | 0.04 | 0.16 | 62 | Consumer Defensive | |
| CVS Health Corporation | -0.06 | 0.06 | 0.16 | 83 | Healthcare | |
| Monster Beverage Corporation | -0.04 | 0.11 | 0.21 | 80 | Consumer Defensive | |
| Bunge Limited | -0.04 | 0.07 | 0.18 | 92 | Consumer Defensive |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements BX
Add BX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with BX