Looking to diversify beyond BND? The ETFs below have the lowest correlation with BND — 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 BND.
Best Diversifiers for BND
1276 ETFs have low correlation with BND (below 0.3), 101 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.51, roughly unchanged from -0.50 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.51 | -0.47 | -0.50 | 67 | Leveraged Currency | BND vs YCS | |
| United States Gasoline Fund LP | -0.43 | -0.22 | -0.14 | 69 | Oil & Gas | BND vs UGA | |
| Invesco DB Oil Fund | -0.43 | -0.21 | -0.16 | 62 | Oil & Gas | BND vs DBO | |
| Invesco DB Energy Fund | -0.42 | -0.22 | -0.16 | 69 | Oil & Gas | BND vs DBE | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.41 | -0.22 | -0.16 | 53 | Oil & Gas | BND vs OILK |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BND, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BND and solid risk/return profiles. The least correlated is ConocoPhillips Company (COP) (Energy) with a 1Y correlation of -0.27, down from -0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.27 | -0.12 | -0.12 | 77 | Energy | |
| Equinor ASA | -0.25 | -0.06 | -0.07 | 81 | Energy | |
| Chevron Corporation | -0.24 | -0.08 | -0.10 | 84 | Energy | |
| Exxon Mobil Corporation | -0.23 | -0.07 | -0.10 | 86 | Energy | |
| EOG Resources, Inc. | -0.23 | -0.08 | -0.11 | 69 | Energy |
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