Looking to balance out your exposure to BDRBF? The ETFs below have the lowest correlation with BDRBF — they tend to move on their own, which can help reduce risk when BDRBF drops. The stock ideas table highlights individual companies that behave independently from BDRBF.
Best Diversifiers for BDRBF
1 ETFs have low correlation with BDRBF (below 0.3), 0 of which are negatively correlated. The least correlated is Sprott Physical Silver Trust (PSLV) (Silver) with a 1Y correlation of 0.16, roughly unchanged from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Sprott Physical Silver Trust | 0.16 | 0.17 | 0.18 | 79 | Silver, Precious Metals | BDRBF vs PSLV |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BDRBF, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BDRBF and solid risk/return profiles. The least correlated is Kinross Gold Corporation (KGC) (Basic Materials) with a 1Y correlation of 0.20, roughly unchanged from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Kinross Gold Corporation | 0.20 | 0.17 | 0.19 | 79 | Basic Materials | |
| Bancolombia S.A. | 0.21 | 0.27 | 0.26 | 85 | Financial Services | |
| Enova International, Inc. | 0.24 | 0.33 | 0.38 | 82 | Financial Services | |
| Sprott Inc | 0.35 | 0.28 | 0.30 | 89 | Financial Services |
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