Looking to diversify beyond BBAG? The ETFs below have historically moved differently from BBAG, 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 BBAG
966 ETFs have low correlation with BBAG (below 0.3), 120 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.47, down from -0.17 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.47 | -0.26 | -0.17 | 72 | Oil & Gas | BBAG vs DBE | |
| Invesco DB Oil Fund | -0.45 | -0.25 | -0.17 | 58 | Oil & Gas | BBAG vs DBO | |
| United States Oil Fund LP | -0.45 | -0.25 | -0.17 | 55 | Oil & Gas | BBAG vs USO | |
| United States Gasoline Fund LP | -0.44 | -0.24 | -0.15 | 87 | Oil & Gas | BBAG vs UGA | |
| United States Brent Oil Fund LP | -0.44 | -0.25 | -0.17 | 52 | Oil & Gas | BBAG vs BNO |
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