Looking to diversify beyond BBLB? The ETFs below have historically moved differently from BBLB, 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 BBLB
1591 ETFs have low correlation with BBLB (below 0.3), 116 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.42, down from -0.25 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.42 | -0.25 | — | 53 | Oil & Gas | BBLB vs DBE | |
| United States Gasoline Fund, LP | -0.40 | -0.22 | — | 74 | Oil & Gas | BBLB vs UGA | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.38 | -0.20 | — | 50 | Commodities | BBLB vs GSG | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.37 | -0.20 | — | 58 | Commodities | BBLB vs PDBC | |
| Invesco DB Commodity Index Tracking Fund | -0.37 | -0.20 | -0.17 | 56 | Commodities | BBLB vs DBC |
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