Looking to diversify beyond BNDD? The ETFs below have the lowest correlation with BNDD — 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 BNDD.
Best Diversifiers for BNDD
2009 ETFs have low correlation with BNDD (below 0.3), 101 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO Ultra Short Government Active Exchange-Trade... | -0.23 | — | — | 100 | Ultrashort Bond | BNDD vs BILZ | |
| First Trust Alternative Absolute Return Strategy E... | -0.22 | -0.11 | — | 70 | Commodities | BNDD vs FAAR | |
| Alpha Architect 1-3 Month Box ETF | -0.20 | -0.06 | — | 100 | Ultrashort Bond | BNDD vs BOXX | |
| First Trust Global Tactical Commodity Strategy Fun... | -0.20 | -0.09 | — | 53 | Commodities | BNDD vs FTGC | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.20 | -0.11 | — | 100 | Government Bonds, Ultrashort Bond | BNDD vs BIL |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BNDD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BNDD and solid risk/return profiles. The least correlated is Oxford Lane Capital Corp. (OXLCP) (Financial Services) with a 1Y correlation of -0.06, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Oxford Lane Capital Corp. | -0.06 | 0.05 | 0.05 | 95 | Financial Services | |
| Frontline Ltd. | -0.02 | -0.03 | -0.03 | 95 | Energy | |
| Oxford Lane Capital Corp. 7.125% Series 2029 Term ... | 0.07 | 0.02 | — | 83 | Financial Services |
Build a portfolio that complements BNDD
Add BNDD to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with BNDD