Looking to balance out your exposure to BXSL? The ETFs below have historically moved differently from BXSL, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for BXSL
195 ETFs have low correlation with BXSL (below 0.3), 12 of which are negatively correlated. The least correlated is Invesco DB Commodity Index Tracking Fund (DBC) (Commodities) with a 1Y correlation of -0.09, down from 0.04 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Commodity Index Tracking Fund | -0.09 | 0.04 | — | 56 | Commodities | BXSL vs DBC | |
| abrdn Bloomberg All Commodity Strategy K-1 Free ET... | -0.09 | 0.03 | — | 63 | Commodities | BXSL vs BCI | |
| Vanguard Ultra-Short Treasury ETF | -0.09 | — | — | 100 | Ultrashort Bond, Government Bonds | BXSL vs VGUS | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.09 | 0.04 | — | 58 | Commodities | BXSL vs PDBC | |
| iShares 0-1 Year Treasury Bond ETF | -0.06 | -0.00 | 0.01 | 100 | Government Bonds, Ultrashort Bond | BXSL vs SHV |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BXSL, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.08, down from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.08 | 0.08 | 0.13 | 86 | Consumer Defensive | |
| BP p.l.c. | -0.07 | 0.11 | 0.11 | 77 | Energy | |
| AbbVie Inc. | -0.06 | 0.14 | 0.13 | 73 | Healthcare | |
| Monster Beverage Corporation | -0.06 | 0.14 | 0.17 | 90 | Consumer Defensive | |
| CVS Health Corporation | -0.05 | 0.07 | 0.11 | 93 | Healthcare |
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