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
312 ETFs have low correlation with BNDP (below 0.3), 85 of which are negatively correlated. The least correlated is iShares Commodities Select Strategy ETF (COMT) (Commodities) with a 1Y correlation of -0.49, roughly unchanged from -0.49 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Commodities Select Strategy ETF | -0.49 | -0.49 | -0.49 | 72 | Commodities | BNDP vs COMT | |
| Credit Suisse X-Links Crude Oil Shares Covered Cal... | -0.47 | -0.47 | -0.47 | 63 | Commodities | BNDP vs USOI | |
| DoubleLine Commodity Strategy ETF | -0.46 | -0.46 | -0.46 | 74 | Commodities | BNDP vs DCMT | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.46 | -0.46 | -0.46 | 76 | Commodities | BNDP vs PDBC | |
| Invesco DB Commodity Index Tracking Fund | -0.45 | -0.45 | -0.45 | 77 | Commodities | BNDP vs DBC |
See all 2159 diversifiers for BNDP
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