Looking to diversify beyond BDEC? The ETFs below have the lowest correlation with BDEC — 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 BDEC.
Best Diversifiers for BDEC
374 ETFs have low correlation with BDEC (below 0.3), 79 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.31, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.31 | -0.06 | 0.07 | 71 | Oil & Gas | BDEC vs DBE | |
| United States Oil Fund LP | -0.31 | -0.06 | 0.06 | 66 | Oil & Gas | BDEC vs USO | |
| United States Brent Oil Fund LP | -0.30 | -0.05 | 0.06 | 65 | Oil & Gas | BDEC vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.28 | -0.07 | -0.07 | 56 | Derivative Income | BDEC vs USOY | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.28 | -0.04 | 0.08 | 56 | Oil & Gas | BDEC vs OILK |
See all 2191 diversifiers for BDEC
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