Looking to diversify beyond BILS? The ETFs below have the lowest correlation with BILS — 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 BILS.
Best Diversifiers for BILS
2166 ETFs have low correlation with BILS (below 0.3), 1026 of which are negatively correlated. The least correlated is Credit Suisse X-Links Crude Oil Shares Covered Call ETN (USOI) (Commodities) with a 1Y correlation of -0.19, roughly unchanged from -0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Credit Suisse X-Links Crude Oil Shares Covered Cal... | -0.19 | -0.16 | -0.16 | 63 | Commodities | BILS vs USOI | |
| Defiance Oil Enhanced Options Income ETF | -0.19 | -0.15 | -0.15 | 56 | Derivative Income | BILS vs USOY | |
| Direxion Auspice Broad Commodity Strategy ETF | -0.18 | -0.08 | -0.04 | 74 | Commodities | BILS vs COM | |
| Harbor Commodity All-Weather Strategy ETF | -0.18 | -0.07 | -0.03 | 80 | Commodities | BILS vs HGER | |
| Invesco DB Oil Fund | -0.18 | -0.10 | -0.11 | 65 | Oil & Gas | BILS vs DBO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BILS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BILS and solid risk/return profiles. The least correlated is Apollo Commercial Real Estate Finance, Inc. (ARI) (Real Estate) with a 1Y correlation of 0.01, roughly unchanged from 0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Apollo Commercial Real Estate Finance, Inc. | 0.01 | 0.04 | 0.00 | 75 | Real Estate |
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