Looking to diversify beyond BDVL? The ETFs below have the lowest correlation with BDVL — 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 BDVL.
Best Diversifiers for BDVL
255 ETFs have low correlation with BDVL (below 0.3), 64 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.31, roughly unchanged from -0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.31 | -0.31 | -0.31 | 66 | Oil & Gas | BDVL vs USO | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.29 | -0.29 | -0.29 | 55 | Oil & Gas | BDVL vs OILK | |
| United States Gasoline Fund LP | -0.29 | -0.29 | -0.29 | 69 | Oil & Gas | BDVL vs UGA | |
| United States 12 Month Oil Fund LP | -0.29 | -0.29 | -0.29 | 56 | Oil & Gas | BDVL vs USL | |
| Invesco DB Oil Fund | -0.29 | -0.29 | -0.29 | 65 | Oil & Gas | BDVL vs DBO |
See all 2071 diversifiers for BDVL
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