Looking to balance out your exposure to BN? The ETFs below have the lowest correlation with BN — they tend to move on their own, which can help reduce risk when BN drops. The stock ideas table highlights individual companies that behave independently from BN.
Best Diversifiers for BN
50 ETFs have low correlation with BN (below 0.3), 13 of which are negatively correlated. The least correlated is Invesco DB Commodity Index Tracking Fund (DBC) (Commodities) with a 1Y correlation of -0.16, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Commodity Index Tracking Fund | -0.16 | 0.02 | 0.15 | 56 | Commodities | BN vs DBC | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.16 | 0.02 | 0.15 | 57 | Commodities | BN vs PDBC | |
| WisdomTree Floating Rate Treasury Fund | -0.15 | -0.07 | -0.06 | 100 | Government Bonds, Ultrashort Bond | BN vs USFR | |
| State Street Energy Select Sector SPDR ETF | -0.08 | 0.16 | 0.29 | 59 | Energy Equities | BN vs XLE | |
| Vanguard Energy ETF | -0.07 | 0.18 | 0.30 | 60 | Energy Equities | BN vs VDE |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BN and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.18, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.18 | 0.01 | 0.10 | 80 | Consumer Defensive | |
| Devon Energy Corporation | -0.15 | 0.11 | 0.23 | 76 | Energy | |
| Exxon Mobil Corporation | -0.15 | 0.06 | 0.19 | 78 | Energy | |
| Occidental Petroleum Corporation | -0.14 | 0.09 | 0.22 | 67 | Energy | |
| Duke Energy Corporation | -0.13 | 0.07 | 0.15 | 64 | Utilities |
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