Looking to diversify beyond BINC? The ETFs below have historically moved differently from BINC, 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 BINC
300 ETFs have low correlation with BINC (below 0.3), 99 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.44, down from -0.20 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.44 | -0.20 | — | 72 | Oil & Gas | BINC vs DBE | |
| United States Oil Fund LP | -0.44 | -0.19 | — | 55 | Oil & Gas | BINC vs USO | |
| Invesco DB Oil Fund | -0.43 | -0.18 | — | 58 | Oil & Gas | BINC vs DBO | |
| United States Brent Oil Fund LP | -0.42 | -0.18 | — | 52 | Oil & Gas | BINC vs BNO | |
| United States Gasoline Fund, LP | -0.40 | -0.18 | — | 87 | Oil & Gas | BINC vs UGA |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BINC, 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 ConocoPhillips Company (COP) (Energy) with a 1Y correlation of -0.33, down from -0.08 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.33 | -0.08 | — | 72 | Energy | |
| Chevron Corporation | -0.30 | -0.04 | — | 80 | Energy | |
| Exxon Mobil Corporation | -0.28 | -0.03 | — | 84 | Energy | |
| Occidental Petroleum Corporation | -0.26 | -0.04 | -0.02 | 70 | Energy | |
| Devon Energy Corporation | -0.23 | -0.04 | -0.02 | 76 | Energy |
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