Looking to diversify beyond BNDC? The ETFs below have historically moved differently from BNDC, 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 BNDC
871 ETFs have low correlation with BNDC (below 0.3), 100 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.42, roughly unchanged from -0.50 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.42 | -0.47 | -0.50 | 56 | Leveraged Currency | BNDC vs YCS | |
| Invesco DB Energy Fund | -0.40 | -0.24 | -0.15 | 54 | Oil & Gas | BNDC vs DBE | |
| United States Gasoline Fund, LP | -0.38 | -0.23 | -0.13 | 72 | Oil & Gas | BNDC vs UGA | |
| iShares GSCI Commodity Dynamic Roll Strategy ETF | -0.36 | -0.20 | -0.12 | 51 | Commodities | BNDC vs COMT | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.35 | -0.19 | -0.11 | 51 | Commodities | BNDC vs GSG |
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