Looking to diversify beyond BILS? The ETFs below have historically moved differently from BILS, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for BILS
2156 ETFs have low correlation with BILS (below 0.3), 325 of which are negatively correlated. The least correlated is Invesco DB Oil Fund (DBO) (Oil & Gas) with a 1Y correlation of -0.23, down from -0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Oil Fund | -0.23 | -0.12 | -0.12 | 58 | Oil & Gas | BILS vs DBO | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.20 | -0.11 | -0.09 | 72 | Commodities | BILS vs PDBC | |
| Invesco DB Energy Fund | -0.20 | -0.12 | -0.12 | 72 | Oil & Gas | BILS vs DBE | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.20 | -0.11 | -0.09 | 67 | Commodities | BILS vs GSG | |
| United States Oil Fund LP | -0.20 | -0.11 | -0.10 | 55 | Oil & Gas | BILS vs USO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BILS, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Sprott Physical Gold Trust (PHYS) (Financial Services) with a 1Y correlation of 0.09, roughly unchanged from 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Sprott Physical Gold Trust | 0.09 | 0.09 | 0.14 | 64 | Financial Services | |
| Blackrock Municipal 2030 Target Term Trust | 0.11 | 0.10 | 0.15 | 65 | Financial Services |
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