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
2000 ETFs have low correlation with BNDD (below 0.3), 136 of which are negatively correlated. The least correlated is Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) (Commodities) with a 1Y correlation of -0.22, down from -0.11 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Optimum Yield Diversified Commodity Strate... | -0.22 | -0.11 | — | 51 | Commodities | BNDD vs PDBC | |
| First Trust Alternative Absolute Return Strategy E... | -0.22 | -0.11 | — | 67 | Commodities | BNDD vs FAAR | |
| United States Gasoline Fund LP | -0.21 | -0.08 | — | 72 | Oil & Gas | BNDD vs UGA | |
| PIMCO Ultra Short Government Active Exchange-Trade... | -0.21 | -0.08 | — | 100 | Ultrashort Bond | BNDD vs BILZ | |
| First Trust Global Tactical Commodity Strategy Fun... | -0.20 | -0.10 | — | 74 | Commodities | BNDD vs FTGC |
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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 Frontline Ltd. (FRO) (Energy) with a 1Y correlation of -0.06, roughly unchanged from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Frontline Ltd. | -0.06 | -0.05 | -0.04 | 95 | Energy | |
| Oxford Lane Capital Corp. | -0.05 | 0.05 | 0.05 | 96 | Financial Services | |
| Agree Realty Corporation | 0.01 | 0.14 | 0.09 | 70 | Real Estate | |
| Oxford Lane Capital Corp. 7.125% Series 2029 Term ... | 0.08 | 0.03 | — | 86 | Financial Services |
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