Looking to diversify beyond BINC? The ETFs below have the lowest correlation with BINC — 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 BINC.
Best Diversifiers for BINC
311 ETFs have low correlation with BINC (below 0.3), 82 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.48, roughly unchanged from -0.40 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.48 | -0.40 | — | 63 | Leveraged Currency | BINC vs YCS | |
| Invesco DB Energy Fund | -0.43 | -0.16 | — | 71 | Oil & Gas | BINC vs DBE | |
| Invesco DB Oil Fund | -0.41 | -0.14 | -0.13 | 65 | Oil & Gas | BINC vs DBO | |
| United States Gasoline Fund LP | -0.41 | -0.14 | -0.15 | 71 | Oil & Gas | BINC vs UGA | |
| United States Brent Oil Fund LP | -0.41 | -0.14 | — | 65 | Oil & Gas | BINC vs BNO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BINC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BINC and solid risk/return profiles. The least correlated is ConocoPhillips Company (COP) (Energy) with a 1Y correlation of -0.19, down from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.19 | -0.02 | -0.01 | 76 | Energy | |
| Chevron Corporation | -0.16 | 0.02 | 0.02 | 83 | Energy | |
| Energy Transfer LP | -0.14 | 0.10 | 0.09 | 73 | Energy | |
| Exxon Mobil Corporation | -0.13 | 0.03 | 0.03 | 85 | Energy | |
| BP p.l.c. | -0.12 | 0.05 | 0.05 | 87 | Energy |
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