Looking to diversify beyond BND? The ETFs below have historically moved differently from BND, 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 BND
776 ETFs have low correlation with BND (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 -0.46, down from -0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.46 | -0.25 | -0.16 | 53 | Oil & Gas | BND vs DBE | |
| ProShares UltraShort Yen | -0.45 | -0.48 | -0.50 | 59 | Leveraged Currency | BND vs YCS | |
| United States Gasoline Fund, LP | -0.43 | -0.24 | -0.14 | 74 | Oil & Gas | BND vs UGA | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.41 | -0.20 | -0.12 | 50 | Commodities | BND vs GSG | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.39 | -0.18 | -0.10 | 58 | Commodities | BND vs PDBC |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BND, 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 -0.37, down from -0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.37 | -0.16 | -0.13 | 71 | Energy | |
| BP p.l.c. | -0.31 | -0.13 | -0.11 | 77 | Energy | |
| Chevron Corporation | -0.31 | -0.12 | -0.10 | 76 | Energy | |
| Occidental Petroleum Corporation | -0.31 | -0.11 | -0.10 | 68 | Energy | |
| Exxon Mobil Corporation | -0.30 | -0.10 | -0.10 | 85 | Energy |
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