Looking to diversify beyond BCD? The ETFs below have the lowest correlation with BCD — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from BCD.
Best Diversifiers for BCD
1891 ETFs have low correlation with BCD (below 0.3), 968 of which are negatively correlated. The least correlated is iShares Investment Grade Corporate Bond Buywrite Strategy ETF (LQDW) (Corporate Bonds) with a 1Y correlation of -0.26, down from -0.04 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Investment Grade Corporate Bond Buywrite S... | -0.26 | -0.04 | — | 57 | Corporate Bonds | BCD vs LQDW | |
| iShares Yield Optimized Bond ETF | -0.23 | -0.01 | 0.03 | 52 | Intermediate Core-Plus Bond | BCD vs BYLD | |
| Avantis Credit ETF | -0.23 | — | — | 53 | Global Bonds | BCD vs AVGB | |
| Fidelity Municipal Bond Opportunities ETF | -0.23 | — | — | 77 | Municipal Bonds | BCD vs FMUB | |
| Invesco Emerging Markets Sovereign Debt ETF | -0.22 | 0.05 | 0.09 | 58 | Emerging Markets Bonds | BCD vs PCY |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BCD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BCD and solid risk/return profiles. The least correlated is Eli Lilly and Company (LLY) (Healthcare) with a 1Y correlation of -0.09, roughly unchanged from -0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eli Lilly and Company | -0.09 | -0.03 | -0.00 | 74 | Healthcare | |
| General Electric Company | -0.08 | 0.02 | 0.12 | 78 | Industrials | |
| Citigroup Inc. | -0.08 | 0.06 | 0.15 | 94 | Financial Services | |
| Apple Inc | -0.06 | 0.03 | 0.08 | 87 | Technology | |
| Honeywell International Inc | -0.05 | 0.03 | 0.12 | 50 | Industrials |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements BCD
Add BCD to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with BCD