Looking to diversify beyond BNDP? The ETFs below have the lowest correlation with BNDP — 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 BNDP.
Best Diversifiers for BNDP
280 ETFs have low correlation with BNDP (below 0.3), 67 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.52, roughly unchanged from -0.52 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.52 | -0.52 | -0.52 | 53 | Oil & Gas | BNDP vs DBE | |
| United States Gasoline Fund LP | -0.50 | -0.50 | -0.50 | 78 | Oil & Gas | BNDP vs UGA | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.46 | -0.46 | -0.46 | 51 | Commodities | BNDP vs GSG | |
| DoubleLine Commodity Strategy ETF | -0.45 | -0.45 | -0.45 | 51 | Commodities | BNDP vs DCMT | |
| Invesco DB Commodity Index Tracking Fund | -0.44 | -0.44 | -0.44 | 54 | Commodities | BNDP vs DBC |
See all 2002 diversifiers for BNDP
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