Looking to diversify beyond BNDW? The ETFs below have the lowest correlation with BNDW — 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 BNDW.
Best Diversifiers for BNDW
644 ETFs have low correlation with BNDW (below 0.3), 89 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.48, roughly unchanged from -0.49 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.48 | -0.47 | -0.49 | 72 | Leveraged Currency | BNDW vs YCS | |
| Invesco DB Energy Fund | -0.47 | -0.26 | -0.19 | 53 | Oil & Gas | BNDW vs DBE | |
| United States Gasoline Fund LP | -0.46 | -0.23 | -0.16 | 78 | Oil & Gas | BNDW vs UGA | |
| Invesco DB US Dollar Index Bullish Fund | -0.46 | -0.37 | -0.32 | 51 | Currency | BNDW vs UUP | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.42 | -0.20 | -0.14 | 51 | Commodities | BNDW vs GSG |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BNDW, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BNDW and solid risk/return profiles. The least correlated is ConocoPhillips Company (COP) (Energy) with a 1Y correlation of -0.34, down from -0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.34 | -0.16 | -0.14 | 66 | Energy | |
| Chevron Corporation | -0.28 | -0.11 | -0.11 | 70 | Energy | |
| BP p.l.c. | -0.27 | -0.12 | -0.13 | 75 | Energy | |
| Exxon Mobil Corporation | -0.27 | -0.11 | -0.12 | 75 | Energy | |
| Devon Energy Corporation | -0.25 | -0.10 | -0.10 | 72 | Energy |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements BNDW
Add BNDW to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with BNDW