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
655 ETFs have low correlation with BNDW (below 0.3), 45 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.51, roughly unchanged from -0.49 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.51 | -0.46 | -0.49 | 61 | Leveraged Currency | BNDW vs YCS | |
| Fidelity Managed Futures ETF | -0.34 | — | — | 64 | Systematic Trend | BNDW vs FFUT | |
| VanEck Commodity Strategy ETF | -0.31 | -0.13 | — | 55 | Commodities | BNDW vs PIT | |
| First Trust Alternative Absolute Return Strategy E... | -0.30 | -0.13 | -0.12 | 70 | Commodities | BNDW vs FAAR | |
| SPDR Bloomberg Enhanced Roll Yield Commodity Strat... | -0.25 | -0.16 | -0.16 | 50 | Commodities | BNDW vs CERY |
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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 -0.28, down from -0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.29 | -0.13 | -0.13 | 61 | Energy | |
| Chevron Corporation | -0.24 | -0.08 | -0.11 | 68 | Energy | |
| BP p.l.c. | -0.22 | -0.09 | -0.12 | 76 | Energy | |
| Exxon Mobil Corporation | -0.22 | -0.09 | -0.11 | 68 | Energy | |
| Energy Transfer LP | -0.15 | -0.01 | -0.05 | 67 | Energy |
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Build a portfolio that complements BNDW
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