Looking to balance out your exposure to BXSL? The ETFs below have the lowest correlation with BXSL — they tend to move on their own, which can help reduce risk when BXSL drops. The stock ideas table highlights individual companies that behave independently from BXSL.
Best Diversifiers for BXSL
196 ETFs have low correlation with BXSL (below 0.3), 13 of which are negatively correlated. The least correlated is WisdomTree Floating Rate Treasury Fund (USFR) (Government Bonds) with a 1Y correlation of -0.09, roughly unchanged from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| WisdomTree Floating Rate Treasury Fund | -0.09 | -0.01 | -0.03 | 100 | Government Bonds, Ultrashort Bond | BXSL vs USFR | |
| Invesco DB Commodity Index Tracking Fund | -0.08 | 0.07 | 0.08 | 60 | Commodities | BXSL vs DBC | |
| Vanguard Ultra-Short Treasury ETF | -0.07 | — | — | 100 | Ultrashort Bond, Government Bonds | BXSL vs VGUS | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.07 | 0.06 | — | 61 | Commodities | BXSL vs PDBC | |
| Vanguard 0-3 Month Treasury Bill ETF | -0.06 | — | — | 100 | Ultrashort Bond | BXSL vs VBIL |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BXSL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BXSL and solid risk/return profiles. The least correlated is Monster Beverage Corporation (MNST) (Consumer Defensive) with a 1Y correlation of -0.09, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Monster Beverage Corporation | -0.09 | 0.13 | 0.16 | 94 | Consumer Defensive | |
| The Coca-Cola Company | -0.09 | 0.08 | 0.12 | 81 | Consumer Defensive | |
| Duke Energy Corporation | -0.09 | 0.08 | 0.11 | 63 | Utilities | |
| CVS Health Corporation | -0.05 | 0.07 | 0.11 | 92 | Healthcare | |
| AbbVie Inc. | -0.05 | 0.14 | 0.13 | 80 | Healthcare |
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