Looking to diversify beyond BIL? The ETFs below have the lowest correlation with BIL — 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 BIL.
Best Diversifiers for BIL
2100 ETFs have low correlation with BIL (below 0.3), 1695 of which are negatively correlated. The least correlated is Columbia Short Duration Bond ETF (SBND) (Short-Term Bond) with a 1Y correlation of -0.20, down from -0.05 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Columbia Short Duration Bond ETF | -0.20 | -0.05 | — | 76 | Short-Term Bond | BIL vs SBND | |
| BondBloxx JP Morgan USD Emerging Markets 1-10 Year... | -0.20 | -0.09 | — | 79 | Emerging Markets Bonds | BIL vs XEMD | |
| BondBloxx IR+M Tax-Aware ETF for Massachusetts Res... | -0.20 | — | — | 70 | Municipal Bonds | BIL vs TAXM | |
| Fidelity Limited Term Bond ETF | -0.20 | -0.04 | 0.05 | 68 | Short-Term Bond | BIL vs FLTB | |
| SPDR Bloomberg Emerging Markets USD Bond ETF | -0.18 | -0.07 | -0.00 | 64 | Emerging Markets Bonds | BIL vs EMHC |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BIL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BIL and solid risk/return profiles. The least correlated is AxoGen, Inc. (AXGN) (Healthcare) with a 1Y correlation of -0.19, down from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AxoGen, Inc. | -0.19 | -0.13 | -0.03 | 98 | Healthcare | |
| AbbVie Inc. | -0.15 | -0.05 | -0.05 | 62 | Healthcare | |
| Nebius Group N.V. | -0.14 | — | — | 97 | Communication Services | |
| Sirius XM Holdings Inc. | -0.13 | -0.03 | -0.04 | 70 | Communication Services | |
| Applied Digital Corporation | -0.13 | -0.06 | -0.06 | 92 | Financial Services |
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Build a portfolio that complements BIL
Add BIL to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with BIL