Looking to diversify beyond BNDW? The ETFs below have historically moved differently from BNDW, 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 BNDW
593 ETFs have low correlation with BNDW (below 0.3), 113 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.51, down from -0.19 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.51 | -0.28 | -0.19 | 72 | Oil & Gas | BNDW vs DBE | |
| Invesco DB Oil Fund | -0.49 | -0.26 | -0.18 | 58 | Oil & Gas | BNDW vs DBO | |
| ProShares UltraShort Yen | -0.48 | -0.48 | -0.49 | 56 | Leveraged Currency | BNDW vs YCS | |
| United States Oil Fund LP | -0.48 | -0.27 | -0.19 | 55 | Oil & Gas | BNDW vs USO | |
| United States Brent Oil Fund LP | -0.48 | -0.26 | -0.19 | 52 | Oil & Gas | BNDW vs BNO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BNDW, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is ConocoPhillips Company (COP) (Energy) with a 1Y correlation of -0.39, down from -0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.39 | -0.19 | -0.14 | 72 | Energy | |
| BP p.l.c. | -0.33 | -0.15 | -0.13 | 84 | Energy | |
| Chevron Corporation | -0.32 | -0.14 | -0.11 | 80 | Energy | |
| Exxon Mobil Corporation | -0.30 | -0.12 | -0.12 | 84 | Energy | |
| Devon Energy Corporation | -0.30 | -0.14 | -0.10 | 76 | Energy |
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