Looking to diversify beyond BNDI? The ETFs below have historically moved differently from BNDI, 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 BNDI
447 ETFs have low correlation with BNDI (below 0.3), 104 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.46, down from -0.25 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.46 | -0.25 | — | 66 | Oil & Gas | BNDI vs DBE | |
| Invesco DB Oil Fund | -0.43 | -0.24 | — | 51 | Oil & Gas | BNDI vs DBO | |
| ProShares UltraShort Yen | -0.43 | -0.46 | — | 59 | Leveraged Currency | BNDI vs YCS | |
| United States Gasoline Fund, LP | -0.41 | -0.23 | — | 83 | Oil & Gas | BNDI vs UGA | |
| iShares GSCI Commodity Dynamic Roll Strategy ETF | -0.41 | -0.21 | — | 56 | Commodities | BNDI vs COMT |
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