Looking to balance out your exposure to BYDDY? The ETFs below have the lowest correlation with BYDDY — they tend to move on their own, which can help reduce risk when BYDDY drops. The stock ideas table highlights individual companies that behave independently from BYDDY.
Best Diversifiers for BYDDY
149 ETFs have low correlation with BYDDY (below 0.3), 10 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.13, down 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 | -0.13 | -0.01 | -0.00 | 100 | Ultrashort Bond | BYDDY vs SGOV | |
| Vanguard 0-3 Month Treasury Bill ETF | -0.09 | -0.07 | -0.07 | 100 | Ultrashort Bond | BYDDY vs VBIL | |
| WisdomTree Floating Rate Treasury Fund | -0.09 | -0.01 | -0.02 | 100 | Government Bonds, Ultrashort Bond | BYDDY vs USFR | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.08 | -0.03 | -0.02 | 100 | Government Bonds, Ultrashort Bond | BYDDY vs BIL | |
| iShares 0-1 Year Treasury Bond ETF | -0.06 | -0.03 | -0.01 | 100 | Government Bonds, Ultrashort Bond | BYDDY vs SHV |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BYDDY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BYDDY and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.16, down from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.16 | -0.03 | 0.01 | 77 | Consumer Defensive | |
| Chubb Limited | -0.14 | -0.05 | 0.02 | 81 | Financial Services | |
| Waste Management, Inc. | -0.13 | -0.05 | 0.02 | 51 | Industrials | |
| The Coca-Cola Company | -0.13 | 0.01 | 0.04 | 81 | Consumer Defensive | |
| Berkshire Hathaway Inc. | -0.10 | 0.06 | 0.11 | 53 | Financial Services |
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