Looking to diversify beyond BFOR? The ETFs below have the lowest correlation with BFOR — 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 BFOR.
Best Diversifiers for BFOR
361 ETFs have low correlation with BFOR (below 0.3), 68 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.28, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.28 | -0.02 | 0.16 | 71 | Oil & Gas | BFOR vs DBE | |
| United States Oil Fund LP | -0.28 | 0.00 | 0.15 | 66 | Oil & Gas | BFOR vs USO | |
| United States Brent Oil Fund LP | -0.26 | 0.00 | 0.15 | 65 | Oil & Gas | BFOR vs BNO | |
| United States 12 Month Oil Fund LP | -0.24 | 0.03 | 0.17 | 56 | Oil & Gas | BFOR vs USL | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.24 | 0.03 | 0.17 | 56 | Oil & Gas | BFOR vs OILK |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BFOR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BFOR and solid risk/return profiles. The least correlated is Noble Corporation (NE) (Energy) with a 1Y correlation of 0.29, down from 0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Noble Corporation | 0.29 | 0.40 | 0.42 | 89 | Energy |
Build a portfolio that complements BFOR
Add BFOR to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with BFOR