Looking to diversify beyond BNDP? The ETFs below have historically moved differently from BNDP, 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 BNDP
328 ETFs have low correlation with BNDP (below 0.3), 85 of which are negatively correlated. The least correlated is Texas Capital Texas Oil Index ETF (OILT) (Energy Equities) with a 1Y correlation of -0.46, roughly unchanged from -0.46 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Texas Capital Texas Oil Index ETF | -0.46 | -0.46 | -0.46 | 50 | Energy Equities | BNDP vs OILT | |
| Fidelity Managed Futures ETF | -0.44 | -0.44 | -0.44 | 88 | Systematic Trend, Actively Managed | BNDP vs FFUT | |
| KFA Mount Lucas Index Strategy ETF | -0.44 | -0.44 | -0.44 | 61 | Systematic Trend | BNDP vs KMLM | |
| SPDR S&P Oil & Gas Exploration & Production ETF | -0.43 | -0.43 | -0.43 | 58 | Energy Equities | BNDP vs XOP | |
| Direxion Daily S&P Oil & Gas Exploration & Product... | -0.43 | -0.43 | -0.43 | 52 | Leveraged Equities | BNDP vs GUSH |
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