Looking to diversify beyond BNDD? The ETFs below have historically moved differently from BNDD, 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 BNDD
2218 ETFs have low correlation with BNDD (below 0.3), 189 of which are negatively correlated. The least correlated is iShares S&P GSCI Commodity-Indexed Trust (GSG) (Commodities) with a 1Y correlation of -0.25, down from -0.13 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares S&P GSCI Commodity-Indexed Trust | -0.25 | -0.13 | — | 67 | Commodities | BNDD vs GSG | |
| iShares GSCI Commodity Dynamic Roll Strategy ETF | -0.24 | -0.14 | — | 58 | Commodities | BNDD vs COMT | |
| United States Oil Fund LP | -0.24 | -0.14 | — | 55 | Oil & Gas | BNDD vs USO | |
| United States Gasoline Fund LP | -0.24 | -0.10 | — | 87 | Oil & Gas | BNDD vs UGA | |
| Invesco DB Commodity Index Tracking Fund | -0.24 | -0.13 | — | 71 | Commodities | BNDD vs DBC |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BNDD, 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 Oxford Lane Capital Corp. (OXLCP) (Financial Services) with a 1Y correlation of -0.05, down from 0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Oxford Lane Capital Corp. | -0.05 | 0.05 | 0.05 | 97 | Financial Services | |
| Frontline Ltd. | -0.04 | -0.05 | -0.04 | 96 | Industrials | |
| Agree Realty Corporation | 0.03 | 0.15 | 0.09 | 68 | Real Estate | |
| Oxford Lane Capital Corp. 7.125% Series 2029 Term ... | 0.12 | 0.04 | — | 86 | Financial Services |
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