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
1889 ETFs have low correlation with BIL (below 0.3), 1481 of which are negatively correlated. The least correlated is T. Rowe Price U.S. High Yield ETF (THYF) (High Yield Bonds) with a 1Y correlation of -0.19, roughly unchanged from -0.09 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T. Rowe Price U.S. High Yield ETF | -0.19 | -0.09 | — | 57 | High Yield Bonds | BIL vs THYF | |
| BondBloxx JP Morgan USD Emerging Markets 1-10 Year... | -0.18 | -0.10 | — | 80 | Emerging Markets Bonds | BIL vs XEMD | |
| Fidelity Limited Term Bond ETF | -0.17 | -0.04 | 0.05 | 70 | Short-Term Bond | BIL vs FLTB | |
| BondBloxx IR+M Tax-Aware ETF for Massachusetts Res... | -0.17 | — | — | 72 | Municipal Bonds | BIL vs TAXM | |
| J P Morgan Exchange-Traded Fund Trust - Sustainabl... | -0.17 | -0.06 | -0.06 | 66 | Municipal Bonds | BIL vs JMSI |
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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 | -0.15 | -0.03 | 99 | Healthcare | |
| Baker Hughes Company | -0.16 | -0.05 | -0.04 | 81 | Energy | |
| Jazz Pharmaceuticals plc | -0.15 | -0.12 | -0.04 | 97 | Healthcare | |
| AbbVie Inc. | -0.15 | -0.06 | -0.05 | 80 | Healthcare | |
| American Express Company | -0.14 | -0.12 | -0.07 | 53 | Financial Services |
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Build a portfolio that complements BIL
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