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
44 ETFs have low correlation with BN (below 0.3), 14 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.30, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.30 | -0.05 | 0.09 | 66 | Oil & Gas | BN vs USO | |
| Invesco DB Commodity Index Tracking Fund | -0.19 | 0.04 | 0.16 | 75 | Commodities | BN vs DBC | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.18 | 0.04 | 0.15 | 74 | Commodities | BN vs PDBC | |
| ProShares Ultra Bloomberg Crude Oil | -0.16 | -0.01 | 0.10 | 54 | Leveraged Commodities | BN vs UCO | |
| WisdomTree Floating Rate Treasury Fund | -0.10 | -0.02 | -0.04 | 100 | Government Bonds, Ultrashort Bond | BN vs USFR |
To view more results, upgrade your current subscription plan.
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 -0.13, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.13 | 0.06 | 0.12 | 69 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.12 | 0.08 | 0.19 | 85 | Energy | |
| Chevron Corporation | -0.10 | 0.13 | 0.24 | 83 | Energy | |
| ConocoPhillips Company | -0.10 | 0.09 | 0.21 | 76 | Energy | |
| Duke Energy Corporation | -0.09 | 0.07 | 0.13 | 53 | Utilities |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements BN
Add BN to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with BN